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.
Agenda
Faculty
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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