Course Schedules

Classroom 6 Sessions
Online / Live
Live

No dates scheduled

Training Course Overview

The Construction Cost Estimating Course is designed to provide construction professionals with the essential skills and methodologies needed to produce accurate project cost estimates and manage budgets with confidence. As financial oversight is critical to the success of any construction project, this comprehensive training explores proven techniques to forecast costs, allocate resources efficiently, and prevent budget overruns. Participants will learn how to apply detailed estimating processes across various construction phases while considering labour, materials, equipment, and risk factors.

In addition, this Construction Cost Control Course focuses on practical strategies for cost monitoring, change management, and financial reporting throughout the project lifecycle. Through hands-on exercises, case studies, and expert-led discussions, attendees will gain experience in developing cost control plans, managing procurement, and applying contract strategies that support fiscal discipline.

Ideal for project managers, estimators, engineers, and construction professionals, this course equips participants with the tools and knowledge to ensure successful, cost-effective project delivery in today’s dynamic construction industry.

Training Course Objectives

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

Designed 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

Learning Methods

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.

Course Content

Day 1

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 2

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 3

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 4

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 5

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

The Certificate

Recognition
  • Anderson Certificate of Completion for delegates who attend and complete the training course
  • The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Completion

Accreditation

PMI Approved Training Courses

Anderson is an official PMI Authorized Training Partner (ATP). All applicable project management courses are pre-approved by the Project Management Institute, allowing participants to earn the necessary PDUs and Contact Hours for certification and recertification.

FREQUENTLY ASKED QUESTIONS

Learn more about this course

Yes. The Construction Cost Estimating and Cost Control training course can be customised and delivered exclusively for organisations seeking a tailored learning solution. Course content can be adapted to address specific business objectives, operational challenges, industry requirements, and organisational priorities. Customised training allows teams to focus on the topics most relevant to their roles while supporting wider organisational development goals.

No. The Construction Cost Estimating and Cost Control training course is open to professionals from a wide range of backgrounds and experience levels. The course content is structured to provide value to both those who are new to the subject and experienced practitioners seeking to deepen their expertise. While some prior knowledge may enhance understanding of certain concepts, it is not a requirement for participation

The Construction Cost Estimating and Cost Control training course uses a variety of learning approaches to maximise participant engagement and knowledge retention. These may include expert-led presentations, practical exercises, case studies, group discussions, scenario-based activities, and collaborative learning opportunities. This approach encourages active participation and helps participants translate learning into practical workplace results.

The Construction Cost Estimating and Cost Control training course is suitable for professionals who want to expand their knowledge, strengthen their practical skills, and improve their effectiveness within their current or future roles. It is valuable for managers, team leaders, supervisors, specialists, consultants, and professionals seeking to stay current with industry developments and best practices. Whether your goal is career advancement, improved decision-making, or enhanced workplace performance, this course provides relevant knowledge and practical insights to support your professional ambitions.

If you would like additional information about the Construction Cost Estimating and Cost Control training course, our professional support team is available to assist with course enquiries, registration guidance, group bookings, and customised training requirements. We are committed to helping you identify the most suitable learning solution for your professional development goals.

 

Participants attending the Construction Cost Estimating and Cost Control training course gain access to valuable industry insights, practical techniques, and internationally recognised best practices. The course helps professionals improve performance, strengthen confidence, broaden their perspective, and develop skills that contribute to both personal and organisational success. It also provides an excellent opportunity to exchange ideas and experiences with professionals from diverse sectors and backgrounds.

The Construction Cost Estimating and Cost Control training course combines practical knowledge, current industry practices, and expert guidance to create a highly relevant learning experience. Rather than focusing solely on theory, the course emphasises practical application, enabling participants to develop skills and approaches that can be implemented directly within their organisations. This balance of knowledge and practical relevance helps participants achieve meaningful and lasting professional impact.

Yes. Participants who successfully complete the Construction Cost Estimating and Cost Control training course will receive a Anderson Certificate of Completion, demonstrating their commitment to professional development and continuous learning. This certificate provides formal recognition of the knowledge and skills gained during the course and can support professional growth and career progression.

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