CAFT Program discusses the details of the processes required to manage the Cost and its integration with Time schedule to implement the full control on the Projects’ Cost/Revenue and their projection in Construction Industry. And CAFT-010 “Estimation & Budgeting” is the 1st Part from CAFT Program, which describe the technique of Cost Estimation in Construction Projects Based on “Bottom-Up Estimating” by divides projects deliverables into a series of work packages which are made up of a series of tasks. The basis of this technique is to estimate the total cost of completing each task and add them all up to calculate the total costs. This technique is known to be one of the most accurate method. And you will learn the following the ough this Level: Understand the Basics of estimates Bid Price Components Basic spreadsheet based estimating Cost estimating techniques Establishing cost budgets Practical Application – Case Study
