Estimating Principles

Designed For

Estimating Principles is designed for Builders, site managers, foremen, schedulers, estimators, construction managers and other building practitioners involved in estimating overall project costs.

Master Builders Entry Requirements

Due to the accelerated nature of this course, it is recommended that students have at least three years experience in the building and construction industry.

Course Overview

Students in this cluster will learn how to produce estimating documentation from plans and specifications to establish the estimated costs associated with the acquisition of materials and labour for building and construction projects. The course also covers topics such as the documentation of contract variations and other changes to plans and specifications and their effect on estimated costs as well as analysis of project costs against estimates for evaluative and continuous improvement purposes.

Mode of Delivery

This course is delivered through a blended model. This includes attending both face-to-face classes and simulated scenarios. Assessments are submitted through an online portal.

Simulation Learning Component

Master Builders have now incorporated an exciting session at our state-of-the-art Building Leadership Simulation Centre (BLSC) into this short course. You’ll be able to practice some of the skills learnt in this course, first hand in a simulated workplace environment, which has been proven to be one of the most effective ways to learn new skills. The technology and learning methods used in this facility are so realistic that you will feel like you are actually on a real construction site. This realistic style of learning is unique to Master Builders, as the BLSC facility is one of only three centres of this type in the world.

Learning Outcomes

  • Read and interpret plans and specifications
  • Recognise key features of site plans
  • Understand the intent and purpose of different types of construction drawings
  • Identify the types, timing and numbers of appropriate onsite personnel
  • Calculate labour costs, physical resource requirements and estimate project costs.

For further details click on the Course Information Sheet.

Successful students who only undertake this cluster will be issued with a Statement of Attainment by Master Builders Association of Victoria.

Read and interpret plans and specifications
Identify and produce estimated costs for building and construction projects