# Fundamentals of Construction Estimating

## Fundamentals of Construction Estimating

Smid Book

Preference :

The goal of this book is to present a method of compiling consistently accurate
construction cost estimates in a minimum of time. The method can easily be
integrated with the latest technology available to obtain soaring productivity; it is a
method of estimating that offers extensive review and control capabilities because it
is consistent with the basic procedures followed by professional estimators and
quantity surveyors in the construction industry.
The method presented is intended to represent a standard or basic core that can
be adopted in the many types of construction estimating used across the wide variety
of construction work. Worked examples and explanations that are offered, however,
will come from small building projects of minimal complexity so that the reader can
concentrate on the technique involved rather than spend time unraveling detail.
The book is intended primarily for the person who is beginning to learn the
process of construction cost estimating. This person may be employed in a contractor’s
office taking on estimating responsibilities for the first time, or he or she may
be a student starting a course in estimating at college. The text will also be of interest to many supervisors, construction managers, and practicing estimators who, from
time to time, may need to refer to an estimating standard or simply investigate how
other estimators approach this subject.

Estimates serve a number of different functions in the construction process. In the early stages of a construction program, the owner needs an
estimate of the probable cost of construction to assess the financial feasibility of the
project. This conceptual estimate has to be prepared from a minimum amount of
information because it is required at a time when the project is often little more than
a vague idea in the mind of the owner. There will be few if any design details at this
stage because the design process will not begin until the owner is satisfied that the
cost of proceeding with it is justified.

Content :
• INTRODUCTION
• THE ESTIMATING PROCESS AND PRELIMINARY PROCEDURES
• MEASURING QUANTITIES GENERALLY
• MEASURING SITEWORK, EXCAVATION, AND PILING
• MEASURING CONCRETE WORK
• MEASURING MASONRY WORK
• MEASURING CARPENTRY AND MISCELLANEOUS ITEMS
• PRICING GENERALLY
• PRICING CONSTRUCTION EQUIPMENT
• PRICING EXCAVATION AND BACKFILL
• PRICING CONCRETE WORK
• PRICING MASONRY, CARPENTRY, AND FINISHES WORK
• PRICING SUBCONTRACTORS’ WORK
• PRICING GENERAL EXPENSES
• CLOSING THE BID
• LIFE-CYCLE COSTING