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Estimation, Planning
and Control
Introductions
CE4333
Week 1
material take-off
cycle times
Scheduling
Cash flow analysis
Estimating
Specifically divisions 3, 4, 5
Appropriate material and equipment choice
Understanding behavior of money over time
Software
MS Excel
RiskAmp Analysis
Michigan Engineers Resource Library
(MERL) for MDOT bids
Working knowledge of AutoCAD
SCOPE OF WORK
The bidding
process: Lab
ORDER
REQUEST
QUANTITY
PROJECT
BOND
SUBCONTRACTOR
TAKEOFF
OVERHEAD
QUOTES
PREPARE
Pre-bid day
activities
Bid-day
activities
Post-bid
activities
BID
DOCUMENTS
MATERIAL
LABOR
EQUIPMENT
PRICING
PRICING
PRICING
SUBCONTRACTOR
SELECTION
COMBINE PRICING
REVIEW BID FOR ERRORS
SUBMIT BID
REVIEW BID
PROJECT BUYOUT
CLOSEOUT AUDIT
Syllabus
The
What is estimating?
Questions
What is used?
take-off
requirements
Equipment
productivity
what can go wrong?
Estimating costs?
Estimating time?
Players
Contractor
To
bid a job
To control cash flow
Level of accuracy +/2%
Set up payment
schedules
Time is money
Types of Estimates
Owner
build or lease
Project budgeting and
financing
Bid negotiation
Set up payment
schedules
Preliminary
Conceptual:
precedence
effort
Accuracy: +/-20%
Do we want to do this job?
Buy,
Low
Detailed
To
Detailed Estimates
Who: Contractor
For: Owner
Determine:
Costs
of MLE
Sub-contract
Overhead
Use:
Goal:
Complete
A
bid price
Bid analysis
Payment schedules
Balanced bids
Conversion ratios
Percentage completion
Cost control