Course

Course Summary
Credit Type:
Course
ACE ID:
COE-0004
Organization's ID:
180
Organization:
U.S. Army Corps of Engineers, Learning Center
Length:
1 week (36 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 2 construction estimating
Description

Objective:

The course objective is to cover the various elements of a cost estimate (e.g., labor, material, equipment, job office overhead, home office overhead, and bond and profit costs) and how to effectively and efficiently develop an estimate for construction modifications. This PROSPECT training delivers intermediate level instructions and provides computer-based tools to support in the preparation of estimates for construction contract modifications within USACE policies and procedures.

Learning Outcomes:

  • define USACE policy pertaining to contract modifications
  • define the contract terminology
  • identify value engineering change proposals (VECP)
  • identify types of costs which can be estimated
  • explain how direct costs affect estimates
  • describe sources of pricing between materials and supplies
  • describe equipment selection and output
  • explain labor associated costs
  • identify the impact of subcontracting
  • explain how indirect costs affect estimates;
  • explain indirect costs
  • identify impact related costs
  • identify costs related to Profit and Bonds
  • construct a complete estimate for a modification

General Topics:

  • Introduction to contract modification
  • Overview of the modification process
  • Elements of a modification estimate
  • Estimating materials and supplies
  • Estimating equipment and productivity
  • Estimating labor
  • Subcontracting
  • Indirect costs, impact of costs, profit, and bonds
  • Completing an estimate for a modification
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials

Other offerings from U.S. Army Corps of Engineers, Learning Center

Architect - Engineer Contracting
(COE-0001)
Construction Contract Administration
(COE-0002)
Estimating for Construction Modifications
(COE-0004)
Negotiating Construction Contract Modifications
(COE-0005)
View All Courses