Course Details

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Pricing and Bidding: Lump Sum Jobs

Instructor: Douglas D. Gransberg, Ph.D., P.E., FRICS, M.ASCE

This Guided Online Course teaches the fundamentals of pricing a typical lump sum contract, including development of direct and indirect costs, applying profit margins, and putting the estimate together to develop a responsive lump sum bid package.

Course Benefits  and Learning Outcomes

  • Learn basic principles of developing construction pricing for lump sum projects
  • Understand the principles of direct and indirect costs, as well as profit
  • Learn to mark-up costs to a lump sum bid price
  • Develop the ability to use a commercial pricing manual

Who Should Attend?

  • Construction Project Owners
  • Design Consultants
  • Construction Contractors

Course Outline

Week 01:

  • Means Manual
  • Estimating: Division 1 – General Conditions
  • Labor Costs
  • Labor Crew Production Rates
  • Practice Exercise # 1

Week 02:

  • Estimating: Divisions 6 and 5 – Wood and Metal
  • Framing Quantity Take-Off
  • Practice Exercise # 2
  • Live Instructor Interaction: Review of weeks 1 and 2, questions and discussion

Week 03:

  • Estimating: Division 9 – Interior and exterior Finishes
  • Interior and Exterior Finishes (cont.)
  • Practice Exercise # 3

Week 04:

  • Mechanical, Electrical & Plumbing, Plug, Number Estimating
  • Practice Exercise # 4
  • Live Instructor Interaction: Review of weeks 3 and 4, questions and discussion

Week 05:

  • Live review of Modules 1-4 content, followed by questions and discussion as required

Week 06:

  • The final exam: online multiple choice test graded on a pass/fail basis

Course Overview

Duration: 6 Weeks
Starts: Monday 23 April 2018
Begin anytime after start date.
Ends: Friday 01 June 2018
Complete within 2 weeks of end date.
Expected sitting time per week: Up to 2.5 hour
Total video lecture content: 16 hours
Total interactive exercises: 3 hours
Credits: 1.0 CEU/ 10 PDHs

Part of the Construction Engineering Certificate Program

IACET Accredited



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pricing or to create a custom
learning catalogue.

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