Construction Cost Estimating Workshop: Estimating Labor, Equipment, Overhead and Profit
Agenda
Webinar instructions will be emailed before the date of the webinar.
Please log into the webinar 15 – 30 minutes before start time.
Thursday, October 6, 2022
8:30 am – 3:30 pm CDT (including a 30-min. break)
Presented by
Daniel R. Davenport
Agenda
Estimating the Cost of Labor on Construction Projects
Sources of information on labor costs
Cost control
Influence of local job market
Hourly rates
Benefits
Productivity
Including labor in component costs
Workshop: demonstrating alternative methods of calculating labor costs
Estimating the Cost of Equipment
Sources of information on equipment costs
Rental costs versus ownership costs
Calculating ownership costs
Operating costs
Workshop: demonstrating methods for calculating equipment costs
Estimating Overhead Costs
Legal and accounting costs
Cost of obtaining bonds and permits
Risk and contingencies
Insurance
Taxes
Office overhead
Workshop: demonstrating methods for calculating overhead
Estimating Profit
Defining profit
Profit margins
Alternate methods of estimating profit—direct and indirect
Treatment of labor, equipment, overhead and profit in industry-standard software
Workshop: demonstrating methods of calculating profit
Webinar Instructions
All attendees must log-on through their own email – attendees may not watch together if they wish to earn continuing education credit. HalfMoon Education Inc. must be able to prove attendance if either the attendee or HalfMoon Education Inc. is audited.
Certificates of completion can be downloaded in PDF form upon passing a short quiz. A link to the quiz will be sent to each qualifying attendee immediately after the webinar. The certificate can be downloaded from the Results page of the quiz upon scoring 80% or higher.
Webinars are presented via GoToWebinar, an easy-to-use application that can be run on most systems and tablets. Instructions and login information will be provided in an email sent close to the date of the webinar. It is highly recommended that you download, install and test the application before the webinar begins by clicking on the link in the email.
GoToWebinar App requirements:
Windows 7 – 10 or Mac OSX Mavericks (10.9) – macOS Catalina (10.15)
Web Browser:
The two most recent version of the following browsers:
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled
Internet connection: Minimum of 1Mbps Hardware: 2GB RAM or more
For more information, visit the Support section at www.gotowebinar.com
Credits
Professional Engineers:
6.0 PDHs
Architects:
6.0 non-HSW CE Hours
6.0 AIA LU| Elective
International Code Council:
.6 CEUs (Administration)
Continuing Education Credit Information
This webinar is open to the public and is designed to qualify for 6.0 PDHs for professional engineers and 6.0 HSW continuing education hours for licensed architects in most states. This webinar is not approved in states which require HSW coursework, such as New York.
HalfMoon Education is an approved continuing education sponsor for engineers in Florida (Provider No. 0004647), Indiana (License No. CE21700059), Maryland, New Jersey (Approval No. 24GP00000700) and North Carolina (S-0130).
The American Institute of Architects Continuing Education System has approved this course for 6.0 LU|Elective (Sponsor No. J885). Only full participation is reportable to the AIA/CES.
The International Code Council has approved this event for .6 CEUs in the specialty area of Administration (Preferred Provider No. 1232).
Completion certificates will be awarded to participants who complete this event, respond to prompts and earn a passing score (80%) on the quiz that follows the presentation (multiple
attempts allowed).
Speakers
Daniel R. Davenport
Independent contractor providing estimating and project management
Daniel R. Davenport has 40 years of experience in the construction of schools, hospitals, chemical plants, laboratories, manufacturing facilities, parking garages, warehouses and office buildings. He has experience in many phases of construction including estimating, design-build, scheduling, purchasing, project management, supervision, training, and productivity. Since 2009 when he took early retirement from McCarthy Building Companies in St. Louis, Missouri, Mr. Davenport has worked for number of commercial builders as an independent contractor providing estimating and project management. He has worked for Turner Construction and Hercules Construction in St. Louis from 1979 to 1995. Mr. Davenport completed an apprenticeship with the Carpenters’ District Council of St. Louis in 1982 and worked in the trades until 1985. He has has bachelor degrees in Construction Management from Washington University (1984) and in Psychology from Maryville University in St. Louis (1974). Mr. Davenport has been a member of the American Society of Professional Estimators where he has served as a member of the National Board of Directors. He served on the Education Committee, the Awards Committee, as well as the By-Laws Committee. Mr. Davenport also participated in leadership positions at the local ASPE St. Louis Metro Chapter 19. He achieved his CPE (Certified Professional Estimator) in 1995. Mr. Davenport is passionate about construction, especially estimating. He is excited about sharing his knowledge. Mr. Davenport is open to learning new and better estimating and building systems and methods to improve himself and others.
AIA Info
AIA Provider Statement:
HalfMoon Education Inc. is a registered provider of AIA-approved continuing education under Provider Number J885. All registered AIA/CES Providers must comply with the AIA Standards for Continuing Education Programs. Any questions or concerns about this provider of learning program may be sent to AIA/CES (cesupport@aia.org or (800) AIA 3837, Option 3).
This learning program is registered with AIA/CES for continuing professional education. As such, it does not include content that may be deemed or construed to be an approval or endorsement by the AIA of any material of construction or any method or manner of handling, using, distributing, or dealing in any material or product.
AIA continuing education credit has been reviewed and approved by AIA/CES. Learners must complete the entire learning program to receive continuing education credit. AIA continuing education Learning Units earned upon completion of this course will be reported to AIA/CES for AIA members. Certificates of Completion for both AIA members and non-AIA members are available upon request.
Course Title: Construction Cost Estimating Workshop: Estimating Labor, Equipment, Overhead and Profit
Delivery Method: Live Online
Course Description: This six-hour course provides guidance to design professionals on how to estimate the costs of labor, equipment, overhead and profit. This course focuses on each of those costs and incorporates workshops that demonstrate methods of calculation for each kind of cost.
Learning Objectives:
Learning Objective 1:
Learners will be able to estimate the cost of labor on construction projects by utilizing sources of information on labor costs, considering the local job market, and calculating hourly rates, benefits and productivity.
Learning Objective 2:
Learners will be able to estimate the cost of equipment by utilizing sources of information on equipment costs, considering rental costs versus ownership costs, and determining operating costs.
Learning Objective 3:
Learners will be able to estimate overhead costs, including legal and accounting costs, insurances, taxes, office overhead and more.
Learning Objective 4:
Learners will be able to estimate and define profit and profit margins, and identify alternate methods of estimating profit (direct and indirect).
LUs: 6.0 LU Type: LU|HSWs.
Prerequisites: Familiarity with construction contracts and administration
Advance Preparation: None
Program Level: Intermediate
Course Expiration Date:
Complaint Resolution Policy:
Complaints regarding this course can be emailed to fchapman@halfmoonseminars.org or by calling (715) 835-5900. A HalfMoon Education representative will respond within 72 hours to resolve the complaint, which will include, but not limited to, access to another CE activity at no or reduced cost or a full or partial refund. Each instance will be resolved on a case-by-case situation.