Estimating in Building Construction Introduction to Estimating Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Grade Composition 25% Exam 1 25% Exam 1 40% Final Exam 10% Attendance and Participation Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 2 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Course Content Presentation Presentation Presentation Presentation Presentation Presentation Presentation Presentation Presentation Presentation 1: Introduction to Estimating 2: The Estimate 3: Overhead and Contingencies 4: Labor 5: Equipment 6: Excavation 7: Concrete 8: Masonry 9: Metals 10: Wood Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 3 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Estimating in Building Construction The determination of probable construction costs for a project Prepared from the contract documents: Plans Project manual Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 4 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Estimating in Building Construction Used to: Establish project budget Order materials Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 5 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Profit Margin Provides the general contractor an acceptable rate of return and compensation for the risk associated with the project Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 6 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Types of Estimates Detailed estimate Determines the quantity and cost of everything required for the project, including: Materials Labor Equipment Insurance Bonds Overhead Etc. Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 7 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Types of Estimates Assembly estimating Bid by groups of components (assemblies) For example, a light switch would include: Single-gang box Single-pole switch Cover plate Two wire nuts 20 feet of wire Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 8 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Types of Estimates Square-foot estimates Bid based on an average cost per square foot May be adjusted for: Building height Building perimeter Etc. Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 9 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Types of Estimates Project comparison Prepared by comparing the costs of a proposed project to a similar project Adjusted for differenced between the comparison project and the project being estimated Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 10 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Estimating Opportunities Architectural offices Engineering offices Subcontractors Material suppliers Manufacturers’ representatives Project management Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 11 Government Residential construction Computer Software Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Quantity Takeoff Skills Read and quantify plans Knowledge of math and geometry Patience Does careful, thorough work Computer literate with takeoff software On-Screen Takeoff Paydirt Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 12 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Additional Estimating Skills Visualize building from plans Foresee problems Experienced in the construction process Methods of handling materials Labor productivity Convert labor productivity to costs Maintain a cost database Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 13 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Additional Estimating Skills Computer literate with: Spreadsheets Estimating software such as WinEst Meets bid deadlines Strong writing and presentation skills Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 14 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Types of Bids Competitive Awarded based upon: Price Best value Negotiated bids Owner and contractor agree upon a price Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 15 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Bid Contract Documents/(Paperwork) Invitation to Bid Instructions to Bidders Bid Form Owner-Contractor Agreement General Conditions of the Contract Supplementary General Conditions Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 16 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Contract Documents Technical Specifications Working Drawings Addenda Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 17 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved Bid Information Publicly advertized in: Newspapers Trade journals Dodge Reports Engineering New Record (ENR) Internet Estimating in Building Construction, 8th edition Frank R. Dagostino | Steven J. Peterson 18 Copyright © 2015 by Pearson Education, Inc. All Rights Reserved
