Workforce Development
Contruction Management
Fundamentals of Construction Project Estimating & Bidding
Course Description
This is a hands-on course for those in construction-related fields who need to develop pricing and bid submittals such as construction sales personnel, project managers, field supervisors, as well as those seeking career advancement in the construction industry.
Course curriculum addresses all phases of construction project estimating and bidding to estimate projects and submit winning bids from tracking down solicitations through project award.
Areas of focus are for construction contract\subcontract projects with emphasis on:
- Estimating process
- Standardization of bid documents
- Best practices
Course content includes at least one complete “mock” group construction project estimating exercise.
After completing this course, students will be able to :
- Understand types of construction project bidding processes
- Apply sound project estimating practices
- Understand common causes of contractor failure
- Perform take-offs and develop accurate estimates
- Review and estimate costs for General Conditions specification requirements
- Generate and utilize MS Excel estimating spreadsheets
- Create Work Breakdown Structure for estimating labor costs
- Develop estimating & bidding process and procedures
- Vet bid invitations and selectivity of bid solicitations
- Manage bid and contract documents
- Automate tools for estimating & bidding
- Use various other spreadsheets or databases
- Categorize labor costs
- Allow costs for licensing, permits, bonding, and inspections
- Learn from bid procurement/submittal history
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- Understand types of construction project bidding processes
- Apply sound project estimating practices
- Understand common causes of contractor failure
- Perform take-offs and develop accurate estimates
- Review and estimate costs for General Conditions specification requirements
- Generate and utilize MS Excel estimating spreadsheets
- Create Work Breakdown Structure for estimating labor costs
- Develop estimating & bidding process and procedures
- Vet bid invitations and selectivity of bid solicitations
- Manage bid and contract documents
- Automate tools for estimating & bidding
- Use various other spreadsheets or databases
- Categorize labor costs
- Allow costs for licensing, permits, bonding, and inspections
- Learn from bid procurement/submittal history
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CEU and College credit available for many MTTC courses
Prerequisites
Students should be experienced in building or road construction-related trade specialty, or, architecture/engineering/design occupation. However, this course does not focus on any one field and has broad appeal for students at all levels of the construction industry.
Materials students will receive
- Two volumes of materials
- An additional reference book
- “Real-world” sample documents and spreadsheets
- Two CD-ROMs of software, utilities, and resource links
- Software includes Means “CostWorks” and “Expedite” programs
Course Outline
- Introduction and Overview
- Defining a Winning Bid
- Requirements for Successful Bidding
- Construction Contract Estimating & Bidding Terminology and Definitions
- Legal Implications and Obligations
- Problems in the Construction Industry
- Common Causes of Construction Contractor failure
- Doing Business with Federal, State and Municipal Governments
- The Invitation for Bid (IFB)
- The Request for Proposal (RFP)
- The Request for Quotation (RFQ)
- Types of Projects and Types of Estimates
- Plan Rooms and On-Line Specifications
- Estimating Materials, Equipment & Subcontracts
- Subcontract and Supplier Terms & Conditions
- MasterFormat Construction Specification Divisions
- Reviewing Division 1 Specifications
- Job Site Considerations
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- Vetting and Selecting Projects to Bid
- Sizing Up the Competition
- A Systematic Process Approach to Estimating & Bidding
- Using Bid Package Templates
- Understanding Direct Costs, Overhead, G & A, and Profit
- Estimating Labor and Time
- Allowances and Contingencies
- Managing Contract Documents
- Generating and Utilizing MS Excel Estimating Spreadsheets
- Top 20 Estimating Errors
- Rounder Errors and Exercises
- Project Management Software
- Applying the Knowledge Gained
- Using Means “CostWorks”
- Using “Expedite” Software
- Assembly of the Complete Submittal of Offer Package
- Web Sites of Interest
- Class Estimating and Bidding Project Exercises
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Course Duration and Schedule
Duration: Approximately 40 hours
Schedule Options: Flexible
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