Cost Estimating for Mechanical Engineers
In Cost Estimating for Mechanical Engineers, you'll learn ...
- Four (4) different types of cost estimating methods
- Some common applications in engineering where cost estimating is used
- General things to watch out for when cost estimating
- Cost estimating examples
Cost estimating is an essential skill for engineers. Improving and maintaining cost estimating ability aids in engineering from the time an engineer determines a fee all the way through the design process and into any life cycle cost analysis or pre-bid cost estimates that an owner may require.
Whether using cost estimating software or manual techniques, this course teaches mechanical engineers to perform the following types of cost estimating methods:
- Dollars Per Square Foot.
- Rule of Thumb.
- Comparable Project.
- Detailed Cost Estimate.
Learn when each type of estimate should be used, how to do them, and common mistakes to avoid.
Applying these skills helps the engineer to:
- Decide on dollar amount for an engineering fee proposal.
- Assisting owners and architects in establishing project scope and budget.
- Evaluate between different engineering options.
- Improve basic design decisions from piping and ductwork design to system selections.
- Provide detailed cost estimates for state government prior to contractor bidding as a step towards a smooth bid process.
- Evaluate change orders during construction and advising owner.
- Avoid common mistakes.
- Be able to determine system costs for Life Cycle Cost Analysis.
Specific Knowledge or Skill Obtained
This course teaches the following specific knowledge and skills:
- How to perform a Dollars Per Square Foot cost estimate
- How to perform a Rule of Thumb cost estimate
- How to perform a Comparable Project cost estimate
- How to perform a Detailed cost estimate
- Cost estimating examples using materials commonly used by mechanical engineers, including plumbing and HVAC
Certificate of Completion
You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 16 questions. PDH credits are not awarded until the course is completed and quiz is passed.
|This course is applicable to professional engineers in:|
|Alabama (P.E.)||Alaska (P.E.)||Arkansas (P.E.)|
|Delaware (P.E.)||Florida (P.E. Other Topics)||Georgia (P.E.)|
|Idaho (P.E.)||Indiana (P.E.)||Iowa (P.E.)|
|Kansas (P.E.)||Kentucky (P.E.)||Louisiana (P.E.)|
|Maine (P.E.)||Minnesota (P.E.)||Mississippi (P.E.)|
|Missouri (P.E.)||Montana (P.E.)||Nevada (P.E.)|
|New Hampshire (P.E.)||New Jersey (P.E.)||New Mexico (P.E.)|
|North Carolina (P.E.)||North Dakota (P.E.)||Ohio (P.E. Self-Paced)|
|Oklahoma (P.E.)||Oregon (P.E.)||Pennsylvania (P.E.)|
|South Carolina (P.E.)||South Dakota (P.E.)||Tennessee (P.E.)|
|Texas (P.E.)||Utah (P.E.)||Vermont (P.E.)|
|Virginia (P.E.)||West Virginia (P.E.)||Wisconsin (P.E.)|