Estimating and Bidding for Success | Minnesota Approval #20200148

$99.00

7 Credit Hours Including 1 Hour Business Management | Online Fully Narrated Course | Instructor:  Paul Acker
Calculating a more accurate estimate and bid allows a Minnesota contractor to get the most out of every job.  Improve your bottom line as we cover all aspects of the bidding process.  NOTE:  Also approved for Wisconsin CE – both MN and WI license numbers must be entered into your account for course completion to be submitted to the state.

Description

Estimating and Bidding for Success


COURSE SYLLABUS

Course Description

This course is an introduction to the construction estimating process. Although this course will be beneficial to junior estimators just entering in this field, it could also help architects, engineers, and contractors become more familiar with how bids are prepared. The following material will explain the methods of construction delivery, different types of estimates, and the tools needed by the estimator to tender a bid. Being able to read and understand blueprints is also integral to the estimating process. Knowing how to apply and itemize costs for specific activities and materials, based on a set of plans and related professional resources, is key. The estimator who can visualize the project, and accurately determine its costs will become one of the most important persons in any construction company.


BIDDING AND ESTIMATING

Learning Objectives:

1) Recognize the features and advantages of at least five types of estimates
2) Outline a properly constructed estimate that will encompass all the necessary components required for a successful and profitable project
3) Identify the responsibilities of the bid team, and what bid day duties include
4) Gain an understanding of the use of spreadsheets and/or software in structuring a bid program

Types of Estimates

Methods of Estimating

1. General Contracts
2. Construction Management

3. Design Build

Types of Contracts

1. Negotiated
2. Unit Price

3. Time and Material

Types of Estimates

1. Conceptual
2. Budget

3. Assembly
4. Square Foot
5. Trade
6. Detailed Cost
7. Unit Price

The Bidding Process

Bid Documents

1. Invitation to Bid
2. Bid Form

3. Project Manual
4. Project Drawings
5. Bid Bonds

The Bid Team

1. Owner’s Officer
2. Chief Estimator
3. Estimator’s Assistant
4. Subcontractor/Vendor Assistants

Pre-Bid Duties, Material Costs and Bid Day

Structuring the Bid Program

1. Identifying Work Scopes
2. Quantity Take-Off
3. Self Performed Work
4. Labor Costs
5. Project Overhead
6. Alternates
7. Sub/Vendor Quotes
8. Request for Information
9. Substitution Request
10. Common Sources for Error

Glossary

Assessment – 20 Questions

PLAN READING

Learning Objectives:

1) Identify the various pages/drawings of a blueprint and recognize the symbols used
2) Gain confidence in the ability to understand and accurately identify components of an architectural rendering
3) Correctly formulate mathematical computations to measure materials required for a construction project
4) Understand the need to be specific in all areas of plan reading

Parts of a Blueprint

1. Plans and Drawings
2. Schedules

3. Specifications

Reading the Plans

1. Practice Questions

a. Linear feet
b. Cubic yards
c. Locations
d. Door assemblies
e. Exterior trim
f. Stairways

Assessment – 5 questions

GUIDELINES FOR ESTIMATING

Learning Objectives:

1) Identify basic measurement standards and resources typically used in construction estimating
2) Gain confidence in the ability to understand and accurately identify components of an architectural rendering
3) Develop the skill required to apply production rates for varioius trades to reach an accurate estimate
4) Understand the importance of structuring a bid that includes enough gross or clear profit to not only survive, but to prosper

Guidelines I

Concrete
Masonry

Steel

Guidelines II

Carpentry

Guidelines III

Thermal and Moisture Protection
Doors and Windows
Finishes
Specialties
Making a Profit

Assessment – 20 Questions

FINAL ASSESSMENT- 30 Questions


This educational offering is recognized by the Minnesota Department of Labor and Industry as satisfying seven (7) hours of credit toward Residential Building Contractor continuing education requirements.

Customer Service will be available by email or telephone between 8am and 6pm Eastern Standard Time. They will assist you with questions regarding course content.

If you have any questions, please call us at 1-800-727-7104 or send an email to info@onlinecti.com. Email responses will usually be returned promptly, but guaranteed within one business day.

Student policies and procedures are always available by going to our website and scrolling to the bottom of the page (See Attendance, Privacy and Refund Policy).

Live Chat