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Professional training course · CM-022
Construction Cost Estimating
Accurate cost estimates are the foundation of construction budgets, bids and investment decisions. Estimating errors can turn profitable projects into losses. This LLMI…
- 5 daysClassroom
- 13Upcoming dates
- 5Cities
- £3,850Fees from
Course overview
Why Attend
Accurate cost estimates are the foundation of construction budgets, bids and investment decisions. Estimating errors can turn profitable projects into losses.
This LLMI course covers estimate types and accuracy, quantity take-off, unit rate build-up, labour, plant and materials pricing, indirect costs, risk and contingency, escalation, estimating software and bid preparation. Participants prepare an estimate for a case project.
Course Objectives
Explain estimate types and accuracy
Perform quantity take-off
Build unit rates for labour, plant and materials
Estimate indirect costs and overheads
Apply risk, contingency and escalation
Prepare bids and estimate reports
Target Audience
Cost estimators
Quantity surveyors
Construction managers
Project engineers
Bid managers
Contractors
Course Methodology
Practical estimating exercises
Case project
Spreadsheet tools
Group reviews
Discussions
Course outline
-
1Day 1: Estimating Fundamentals
- Estimate types
- Accuracy
- Estimating process
- Data sources
- Exercise: Estimate classification
-
2Day 2: Quantities
- Take-off methods
- Measurement rules
- Digital take-off
- Checking
- Lab: Quantity take-off
-
3Day 3: Unit Rates
- Labour rates
- Plant costs
- Materials
- Productivity
- Lab: Rate build-up
-
4Day 4: Indirects and Risk
- Site overheads
- Preliminaries
- Contingency
- Escalation
- Exercise: Risk allowance
-
5Day 5: Bids and Reports
- Bid strategy
- Estimate review
- Reports
- Lessons learned
- Capstone: Project estimate
Dates and fees
Questions
Frequently asked questions
How long is the Construction Cost Estimating course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Construction Cost Estimating course?
The next public date is 14 - 18 Dec 2026 in London. There are 13 upcoming dates in total.
Where is this course held?
Upcoming sessions run in London, Barcelona, Rome, Munich, Amsterdam.
How much does the course cost?
Fees start from £3,850 + VAT per delegate, depending on the city. Fees include tuition and course materials.
Do participants receive a certificate?
Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.
Can this course be delivered in-house for our team?
Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.
Course information last updated 14 November 2026.
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