Facilities Project Budgets and Construction Cost Estimates

Project engineers and managers in capital construction projects are responsible for preparing project schedules and budgets, and monitoring progress. Facilities operations personnel need to budget for recurring service and maintenance costs, yet there are often competing interests that make this a challenge. 

Learn how to prepare a comprehensive budget, understand how contractors estimate projects, recognize the merits and concerns with various project delivery methods, manage schedule and cost changes to schedule, review plans and specifications to identify potential cost drivers, and evaluate and present cost data to upper management.