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27 views14 pages

Chapter 01

Uploaded by

bubblers31
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Construction Estimating

Using Excel, 3e

CHAPTER 1
The Art of
Estimating

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
What is Estimating?

Estimating is the process of determining the


expected quantities and costs of the
materials, labor, and equipment for a
construction project.

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
What is the Work or Scope of Work?

“The construction and services required by


the contract documents…and includes all
other labor, materials, equipment and
services provided or to be provided by the
contractor to fulfill the contractor’s
obligations” (General Conditions of the
Contract for Construction, The American
Institute of Architects, AIA Document A201-
1997, p 9).

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
What Roll Does Estimating Play in the
Success of a Construction Company?

• If bids are too high, the company will lose


work
• If bids are too low, the company will lose
money
• Wrong quantities:
 Waste materials
 Delay construction
 Increase construction costs

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
What is the Roll of an Estimator?

• Preparing cost estimates


• Estimating the needed quantity of
materials, labor, and equipment on the job
• Estimating the time it will take to
complete a job

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
Who is an Estimator?

• Person with the job title of estimator


• Anyone who orders materials, labor, or
equipment
• Schedulers

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
What Skills are Required
to be a Good Estimator?

• Sound understanding of the construction


methods, materials, and the capacities of
skilled labor
• Ability to read blueprints
• Knowledge to determine the needed
quantities for projects
• Strong mathematic skills
• Good communication skills, both verbally
and in written form

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
What Skills are Required
to be a Good Estimator?

• Strong computer skills


• Detailed oriented
• The confidence to quickly prepare takeoffs
and make decisions under pressure
• A desire for constant improvement

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
Why is Practice Important
for an Estimator?

• Estimating is an art, and like any art, you


can only become good at it by practicing

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
What Roll Does the Bid Package
Play in Estimating?

• Estimates are prepared from bid


packages
• The bid package defines the scope of
work for the construction project

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
What Does a Bid Package Consist of?

• Invitation to Bid • Special Conditions


• Bid Instructions • Technical
• Bid Documents Specifications
• Bonds Forms • Other Inclusions
• Contract • Included by
Reference
• General
Conditions • Drawings

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
What Tools are Available to Estimators?

• Measuring tools:
 Architect’s and engineer’s scale
 Digital Plan Measurer
 Digitizer
 Takeoff Software
 BIM
• Calculator and paper forms
• Spreadsheets
• Estimating software packages
Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.
Steven J. Peterson, MBA, PE All Rights Reserved
Why use Spreadsheets for Estimating?

• Inexpensive
• Easily adapted to the styles and
estimating procedures of the company
• Easily performs the mundane calculations

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved
Why Use Estimating Packages, such as
Timberline, for Estimating?

• Automates many takeoff functions which


decrease the time it takes to prepare an
estimate
• Includes a database
• Can takeoff assemblies
• Takeoffs are easily manipulated and
printed in different formats

Construction Estimating Using Excel, 3e Copyright © 2018 by Pearson Education, Inc.


Steven J. Peterson, MBA, PE All Rights Reserved

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