Construction Cost Estimating
Registration: 8:00 – 8:30 am
Morning Session: 8:30 am – 12:00 pm
Lunch (On your own): 12:00 – 1:00 pm
Afternoon Session: 1:00 – 4:30 pm
Introduction to Cost Estimating
Classifications of estimates and respective project design stages
Direct and indirect costs
Basis of Estimates
Project documents and significance for estimating
Blueprint reading skills (scales and projection of views)
Cost Components – A Closer Look at the Estimates
Concept of labor time and labor cost estimation
Breakdown of labor hourly wage rates (open shop vs. prevailing)
Material cost estimation
Equipment cost estimates (purchase, rentals and depreciation costs)
Overhead and profit
Bonding and insurance
Organization of Estimates and Examples
Cost summaries – an overview
Cost Estimate Examples – Quantity Take-offs and Pricing
Wood and plastics
Thermal and moisture protection
Doors and windows
Other Related Topics
Project scheduling and relationship with cost estimating
Technology utilization for estimating
The bidding process
Management of scope changes (addenda and change orders)
6.5 HSW Contact Hours
6.5 AIA HSW Learning Units
6.5 Contact Hours/PDHs
Non-Mandatory Cont. Ed.
Continuing Education Credit Information
This seminar is open to the public and offers up to 6.5 HSW continuing education hours to architects and 6.5 PDHs to professional engineers in all states.
HalfMoon Education is deemed a New York-approved continuing education provider for architects via its affiliation with the American Institute of Architects. HalfMoon Education is an approved continuing education provider for New York engineers (NYSED Sponsor No. 35) and New Jersey engineers (ApprovalNo. 24GP00000700).
The American Institute of Architects has approved this event for 6.5 HSW Learning Units (Sponsor No. J885). Courses approved by the AIA qualify for New Jersey and District of Columbia architects.
HalfMoon Education is an approved continuing education sponsor for architects in Florida. HalfMoon Education is an approved continuing education sponsor for engineers in Florida, Indiana, Louisiana, Maryland, North Carolina, and North Dakota.
This event offers a continuing education opportunity to construction contractors, but it has not been approved by any state with a continuing education requirement for contractors.
Attendance will be monitored, and attendance certificates will be available after the seminar for most individuals who complete the entire event. Attendance certificates not available at the seminar will be mailed to participants within fifteen business days.
Ha Yeung (Henry) Yu P.E. P.Eng. PMP LEED Green Associate CTS
Senior Cost Engineer at the Port Authority of New York and New Jersey
Mr. Yu is a licensed professional engineer in New York State and the Provinces of Alberta and British Columbia, Canada. Mr Yu is a project management professional (PMP), a LEED green associate and an AVIXA certified technology Specialist. He possesses extensive experience in planning and management for diversified domain construction projects ranging from medium to large-scale industries, and he has an in-depth understanding of engineering design and construction management. He also provides on-call service as a FEMA substantial damage estimator.
Mr. Yu’s areas of expertise includes heavy civil construction, cost estimating, value engineering, project scheduling, feasibility studies, risk assessment, asset management and lifecycle cost analysis. He has conducted cost estimating training programs by invitation of the New York City Economic Development Corporation, and has been teaching the cost estimating and project management lectures for more ten years for the New York City Local 3 electricians, plumbers, carpenters and workers of other trades at the SUNY Empire State College and the Mechanics Institute of the General Society of Mechanics and Tradesmen.