London Leadership Management Innovation llmi.uk
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Construction Management · CM-022

Construction Cost Estimating

5 daysClassroom
13Upcoming dates
5Cities
£3,850Fees from + VAT

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

Day 1: Estimating Fundamentals
  • Estimate types
  • Accuracy
  • Estimating process
  • Data sources
  • Exercise: Estimate classification
Day 2: Quantities
  • Take-off methods
  • Measurement rules
  • Digital take-off
  • Checking
  • Lab: Quantity take-off
Day 3: Unit Rates
  • Labour rates
  • Plant costs
  • Materials
  • Productivity
  • Lab: Rate build-up
Day 4: Indirects and Risk
  • Site overheads
  • Preliminaries
  • Contingency
  • Escalation
  • Exercise: Risk allowance
Day 5: Bids and Reports
  • Bid strategy
  • Estimate review
  • Reports
  • Lessons learned
  • Capstone: Project estimate

Dates and fees

DatesCityFee
14 - 18 Dec 2026London, United Kingdom£4,200 + VAT
18 - 22 Jan 2027Barcelona, Spain£3,850 + VAT
15 - 19 Feb 2027Rome, Italy£4,250 + VAT
15 - 19 Mar 2027Munich, Germany£4,250 + VAT
19 - 23 Apr 2027Amsterdam, Netherlands£4,250 + VAT
17 - 21 May 2027London, United Kingdom£4,200 + VAT
21 - 25 Jun 2027Amsterdam, Netherlands£4,250 + VAT
19 - 23 Jul 2027London, United Kingdom£4,200 + VAT
16 - 20 Aug 2027Barcelona, Spain£3,850 + VAT
20 - 24 Sep 2027Rome, Italy£4,250 + VAT
18 - 22 Oct 2027Munich, Germany£4,250 + VAT
15 - 19 Nov 2027Amsterdam, Netherlands£4,250 + VAT
20 - 24 Dec 2027London, United Kingdom£4,200 + VAT
London Leadership Management InnovationRegister at llmi.uk/course/construction-cost-estimating