Cost Estimating Foundation

Cost Estimating Foundation is a course dedicated to the basics of cost estimation, cost control and planning.

Cost Estimating Foundation covers topics such as:

• Cost Engineering

  • The basic definitions of and ties between cost estimation, cost control and planning
  • Various contract forms
  • The position of estimating in each phase of the project lifecycle
  • Definitions within estimating
  • Value engineering

  Detail Estimating

  • Estimating methods
  • Different approaches to estimating
  • Principles of the quantitative method
  • Buildup of unit rates
  • Direct versus indirect
  • Cases in preparing estimates by using various techniques for different disciplines

  Factor Estimating

  • Different factor estimating methods
  • Advantages and disadvantages of these methods
  • Quantitative estimating method
  • Estimating of equipment

  Estimating of engineering

  • Engineering activities
  • Engineering effort in engineering phases
  • Methods of estimating engineering
  • Detailed approach per discipline

Cost Estimating Foundation brings together:

• Project managers/directors
• Everyone who is part of any team that executes industrial projects
• Project engineers
• Finance project executives/managers
• Project cost engineers
• Cost estimators
• Members of the purchase department
• Discipline leads
• Work preparators
• Members of a tendering team
• All who are involved in technical projects, cost estimation, cost control and planning, and contract review in their organizations.

Cost Estimating Foundation will be held in Netherlands as well as online on 07-10 June 2022.