Professional DevelopmentCost Estimating: Fundamentals

Cost Estimating: Fundamentals

SKU: RV-10070
Duration: 1.00 Hr

Engineers, architects and contractors are often asked to prepare cost estimates when working on a new project. This 1-hour interactive online course takes you through the process discussing where, in the various stages in project development, cost estimates are made. Through illustrations, you will consider different methods of cost estimating, the level of project detail required for each, and when the use of each method is indicated. You will understand the uncertainties associated with a bid due to level of detail available and the economics of inflation. You will learn to recognize these uncertainties and include contingencies and adjustments for inflation.

For those who are new to cost estimating, this course is an introduction. You may find yourself going over sections more than once. For the experienced Estimator, you will find this course a guide and a reference as the only way for any Estimator to improve is to practice what they have learned. Move on through this course and into the field of cost estimating.
ATTN: This educational offering is recognized by the Minnesota Department of Labor and Industry as satisfying 1 hour of credit toward the required continuing education.

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Course Details

Learning Objectives

At the conclusion of this course you will be able to:

  • Understand where in a project cost estimates are used
  • Recognize the different types of cost estimates
  • Identify when it is best to use each type of cost estimate
  • Discuss the common pitfalls involved in cost estimating
  • Recognize the need for contingency
  • Explain how to adjust for inflation

Specs

Course Level Fundamental
Languages English
Compatibility MobileReady, Responsive

John D'Onofrio, P.E.

Mr. D'Onofrio is a professional engineer in private practice with over 35 years experience in the practice of civil engineering. He graduated from Newark College of Engineering, a school of the New Jersey Institute of Technology, in 1969 with a Bachelor of Science in Civil Engineering. He is a member of Chi Epsilon - National Civil Engineering Honor Society and Tau Beta Pi - National Engineering Honor Society. Mr. D'Onofrio earned a Master of Science in Civil Engineering in 1972 from Newark College of Engineering. Mr. D'Onofrio has pursued continuing education at:
• New Jersey Institute of Technology
• Rutgers University
• Harvard University, and
• University of North Florida Mr. D'Onofrio is a licensed Professional Engineer in the State of New York, the State of New Jersey, and the Commonwealth of Pennsylvania. In 1977, after holding posts in government and private industry, he founded the firm of D'Onofrio Engineers, P.C. and remains its president in active practice to this day. D'Onofrio Engineers provides consulting Civil Engineering services for building design, site plans, roads and intersections, traffic control systems, sewer and water systems, accident reconstruction and forensic engineering investigations. Mr. D'Onofrio is a member of:
• The American Society of Civil Engineers
• The Society of Fire Protection Engineers
• The Society of Automotive Engineers
• The American Society of Safety Engineers
• The National Society of Professional Engineers Mr. D'Onofrio is a Board Certified Diplomat in Forensic Engineering by the National Academy of Forensic Engineers (DNAFE), accredited by the Council of Engineering Specialty Boards and a Fellow of the American College of Forensic Examiners and its American Board of Forensic Engineering & Technology. Mr. D'Onofrio has taught at Rutgers University in New Brunswick, New Jersey and the Community College of Morris in Randolph, New Jersey. He has been a guest lecturer before the New Jersey Municipal Engineer's Foundation and the New Jersey Society of Professional Land Surveyors. Mr. D'Onofrio is the author of the following published papers:
• Sensitivity and Spread Sheets in Conservation of Linear Momentum”; Accident Reconstruction Journal, January 1993. Forensic Engineering Investigation of Low Speed Collisions Journal of the National Academy of Forensic Engineers, January 2003 Forensic Engineering Analysis of the Critical Speed Formula in Accident Reconstruction; Journal of the National Academy of Forensic Engineers, December 2005.
• Forensic Engineering Evaluation of Premises Maintenance, Forensic Examiner, Magazine of the American College of Forensic Examiners, Fall 2007. Mr. D'Onofrio has been recognized as a professional engineering expert in Federal Court as well as the Supreme Court of the State of New York, the Superior Court of the State of New Jersey and the Court of Common Pleas of the Commonwealth of Pennsylvania.

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