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News & Press: Education

Advanced Estimating Program

Wednesday, May 9, 2018  
Posted by: ECA
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The ECA Research and Education Committee sponsored a seminar called, "Advanced Estimating" on May 21 - 22, 2018 at the Drake Oak Brook Hotel, Oak Brook, Illinois.  

The program was developed to discuss all phases of the estimating process. This course covered all phases of preparing a competitive bid. Key topics included identifying desirable bid opportunities, analyzing the company's capabilities to insure profitable results, the estimator’s role at various stages of the project, writing an effective scope letter and identifying often hidden costs in the bid documents. The facilitator for the program was Mr. Robert Mooty.  We thank Mr. Mooty who offered his insights to the participants. 

Following the classes, participants will be able to:
- Discuss the steps necessary to prepare a competitive bid,
- Identify the most desirable bid opportunities,
- Describe how a company’s capabilities can be analyzed to insure profits,
- Discuss cash flow and bonding,
- Discuss relevant contract terms,
- Identify price adjustment techniques, overhead, and profit and
- List the documents required to estimate a construction project.

Pictured above is Robert Mooty as he began the program.

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