Cost Estimation and Budgeting for Construction Projects Course

Learn construction estimating, quantity takeoff, productivity, unit rates, indirect costs, contingency, budgeting, cash flow, bid analysis and forecasting.

Construction Engineering Training Courses Confirmed

Training Locations

This Cost Estimation and Budgeting for Construction Projects Course is available in multiple cities. Please select your preferred location from the list below

Durrës

Albania

Tirana

Albania

Andorra la Vella

Andorra

Escaldes-Engordany

Andorra

Innsbruck

Austria

Salzburg

Austria

Vienna

Austria

Gomel

Belarus

Minsk

Belarus

Antwerp

Belgium

Brussels

Belgium

Banja Luka

Bosnia and Herzegovina

Sarajevo

Bosnia and Herzegovina

Plovdiv

Bulgaria

Sofia

Bulgaria

Dubrovnik

Croatia

Split

Croatia

Zagreb

Croatia

Limassol

Cyprus

Nicosia

Cyprus

Brno

Czech Republic

Prague

Czech Republic

Aarhus

Denmark

Copenhagen

Denmark

Tallinn

Estonia

Tartu

Estonia

Helsinki

Finland

Tampere

Finland

Lyon

France

Marseille

France

Nice

France

Paris

France

Berlin

Germany

Frankfurt

Germany

Hamburg

Germany

Munich

Germany

Athens

Greece

Thessaloniki

Greece

Budapest

Hungary

Debrecen

Hungary

Akureyri

Iceland

Reykjavík

Iceland

Cork

Ireland

Dublin

Ireland

Florence

Italy

Milan

Italy

Naples

Italy

Rome

Italy

Pristina

Kosovo

Prizren

Kosovo

Liepāja

Latvia

Riga

Latvia

Schaan

Liechtenstein

Vaduz

Liechtenstein

Kaunas

Lithuania

Vilnius

Lithuania

Esch-sur-Alzette

Luxembourg

Luxembourg City

Luxembourg

Kuala Lumpur

Malaysia

St. Julian's

Malta

Valletta

Malta

Bălți

Moldova

Chișinău

Moldova

La Condamine

Monaco

Monte Carlo

Monaco

Budva

Montenegro

Podgorica

Montenegro

Amsterdam

Netherlands

Rotterdam

Netherlands

The Hague

Netherlands

Ohrid

North Macedonia

Skopje

North Macedonia

Bergen

Norway

Oslo

Norway

Gdańsk

Poland

Kraków

Poland

Warsaw

Poland

Faro

Portugal

Lisbon

Portugal

Porto

Portugal

Bucharest

Romania

Cluj-Napoca

Romania

City of San Marino

San Marino

Serravalle

San Marino

Belgrade

Serbia

Novi Sad

Serbia

Singapore

Bratislava

Slovakia

Košice

Slovakia

Bled

Slovenia

Ljubljana

Slovenia

Barcelona

Spain

Madrid

Spain

Valencia

Spain

Gothenburg

Sweden

Stockholm

Sweden

Bern

Switzerland

Geneva

Switzerland

Zurich

Switzerland

Istanbul

Turkey

Kyiv

Ukraine

Lviv

Ukraine

Odesa

Ukraine

Dubai

United Arab Emirates

Birmingham

United Kingdom

Edinburgh

United Kingdom

London

United Kingdom

Manchester

United Kingdom

Rome (Vatican-adjacent)

Vatican City

Training Outlines

Introduction

Construction estimates are decision models built from incomplete information. Their reliability depends on scope definition, quantities, productivity, market evidence, execution method, procurement strategy, indirect costs, risk and transparent assumptions. False precision can be more damaging than an appropriately stated range.

This five-day course develops a traceable estimating and budgeting process from early concept to project control. Participants prepare estimate bases, calculate unit rates, assess risk and contingency, normalize bids, build time-phased budgets and update forecasts. The emphasis is on auditability, uncertainty and the link between estimate, contract commitments, change and final cost.

Objectives

Select an estimate method appropriate to maturity.
Prepare a complete basis of estimate.
Develop defensible quantity takeoffs.
Calculate labour, plant and material rates.
Assess indirect costs and contingency.
Establish a time-phased cost baseline.
Control commitments, changes and forecasts.
Report cost variance and estimate at completion.

Course Content

Day 1: Estimating Strategy and Scope Basis

Estimate classes and decision purpose
Scope maturity and information review
Work breakdown and cost coding
Assumptions, exclusions and qualifications
Benchmarking and location factors
Basis-of-estimate workshop

Day 2: Quantities, Productivity and Unit Rates

Measurement rules and takeoff controls
Labour productivity development
Equipment output and operating cost
Material pricing and waste factors
Subcontractor and supplier quotations
Unit-rate build-up exercise

Day 3: Indirect Costs, Risk and Tender Pricing

Site and project overheads
Escalation, currency and taxes
Risk allowances and contingency
Market conditions and bid strategy
Bid levelling and normalization
Tender-price assessment

Day 4: Budget and Cash-Flow Development

Control budgets and cost accounts
Schedule-cost integration
Time-phased expenditure profiles
Commitments and accruals
Funding and cash-flow forecasts
Budget-baseline exercise

Day 5: Cost Control and Forecasting

Actual cost and progress measurement
Variances and trend registers
Change and contingency drawdown
Estimate-to-complete methods
Estimate-at-completion reporting
Cost-forecast capstone

Training Schedule

Below is the table of cities along with the respective dates for the upcoming training sessions of Cost Estimation and Budgeting for Construction Projects Course. Please review the schedule to find the most convenient option for you. You can also use the below search bar to type the city name and filter the results.