Video

  • 28 minutes

Introduction to Cost Estimating

 

What are the different types of estimates and what are their uses?

Cost estimators have a specific process they use to measure the resources needed for a project. That includes determining the price of the resource, how much of the resource and can also include a value on time, not just physical resources. This video defines the different types of estimating; and reviews construction contracts and the impact on the cost estimate, as well as how cost estimating relates to project scheduling and project control.

Runtime: 27 minutes

Agenda

Faculty

Saleh Mubarak

Saleh Mubarak

Saleh A. Mubarak, Ph. D.

  • Construction project management professor, consultant, author, public speaker, and trainer
  • An authority on project planning, scheduling, and project control
  • Over 30 years of diversified, industrial, and academic experience, all in the general field of construction project management
  • Extensive experience in continuing education and professional training around the world, mainly in technical subjects but also in soft skills
  • Author of two books, Construction Project Scheduling and Control, 4th edition, and How to Estimate with Means Data: Basic Skills for Building Construction, 5th edition, both published by Wiley; also wrote many articles, technical and other
  • Public speaker at many local, regional, and international events
  • Presented at many professional conferences, such as PMI and AACE International
  • B.S., M.Sc., and Ph.D. degrees in civil engineering, specializing in construction project management

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