A Highly Interactive Training Course On

Construction Cost Estimating and Cost Control

Mastering the Fundamentals of Effective Cost Estimating and Management in Construction Projects

Construction Cost Estimating and Cost Control
Course Schedule

CLASSROOM

23-27 Jun 2025
Dubai
$5,950
13-17 Oct 2025
Dubai
$5,950
02-06 Feb 2026
London
$5,950
Certificate
  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Training Overview

Training Overview

In the fast-paced world of construction, precise cost estimation and strong cost control are vital for achieving project success. This Construction Cost Estimating and Cost Control training course is designed to equip you with the skills, tools, and techniques necessary to accurately estimate construction costs, create detailed cost control plans, and manage project budgets effectively. By mastering both the theory and practice of cost estimation and control, you'll be able to minimize cost overruns, optimize resource use, and deliver projects on time and within budget. Whether you’re new to construction management or looking to enhance your current skills, this course will provide you with the expertise to excel in this essential area of construction project management.

This training course will feature:

  • In-depth analysis of construction cost estimating techniques
  • Hands-on exercises to develop accurate cost estimates and control budgets
  • Real-world case studies on managing project risks and cost overruns
  • Practical tools and techniques for effective cost tracking and forecasting
  • Interactive discussions on procurement strategies and contract types for cost management

What are the goals?

By the end of this training course, delegates will be able to:

  • Master the principles and processes of construction cost estimating and budgeting
  • Develop detailed cost estimates using industry-standard tools and techniques
  • Implement effective cost control measures to track, manage, and minimize cost variations during the project
  • Understand the impact of procurement strategies on cost and the importance of contract types in managing project expenses
  • Enhance skills in risk management and how to account for uncertainties in cost planning

Who is this Training Course for?

This training course is aimed at construction professionals involved in cost estimation, budgeting, and financial management. It will be particularly beneficial for:

  • Cost estimators and quantity surveyors
  • Project managers and engineers
  • Construction professionals looking to expand their expertise in cost control
  • Procurement managers and contractors
  • Anyone interested in improving their skills in construction cost management and control

How will this Training Course be Presented?

This highly interactive training course will be delivered using a blend of instructor-led presentations, real-world case studies, group discussions, and practical exercises. Participants will engage in hands-on activities to apply their learning and solve common challenges in cost estimating and control. The course is designed to cater to all learning styles, with an emphasis on practical tools and techniques that can be used immediately in the workplace. Daily assignments and a final group project will reinforce the learning objectives and ensure the practical application of the material.

The Course Content

Day One: Introduction to Construction Cost Estimating and Control
  • Importance of Cost Estimating and Control in Construction
  • Key Cost Estimating Terms and Concepts 
  • Construction Project Life Cycle and Cost Phases
  • Types of Cost Estimates 
  • Conceptual cost estimating techniques for early phases 
  • Common Cost Control Challenges in Construction Projects
Day Two: Construction Cost Estimating Techniques
  • Quantity Takeoff Methods and Tools
  • Unit Price Estimating and its Applications
  • Parametric Estimating and Cost Databases
  • Estimating Labor, Materials, and Equipment Costs
  • Applied Tools and Technology for Cost Estimating
Day Three: Cost Control Strategies in Construction
  • Budgeting Techniques and Allocating Resources
  • Monitoring and Tracking Project Costs
  • Variance Analysis and Cost Forecasting
  • Change Orders and Managing Cost Overruns
  • Contingency Planning, Risk Management, and Cost Control 
Day Four: Procurement and Contract Types in Cost Control
  • Types of Construction Contracts and Their Financial Implications
  • Estimating and Managing Costs in Lump-Sum, Cost-Plus, and Design-Build Contracts
  • The Role of Subcontractors in Cost Management
  • Finalizing Project Cost Reports and Documentation  
  • Legal and Ethical Considerations in Construction Cost Control
Day Five: Risk Management and Cost Control Finalization
  • Identifying and Analyzing Financial Risks in Construction Projects
  • Techniques for Mitigating and Transferring Risks
  • Integration of Risk Management and Cost Control Plans
  • Lessons Learned and Post-Project Cost Analysis
  • Course Review

Providers and Associations

Anderson
Anderson
Aztech Training
Aztech Training