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COURSE
This intensive course engages contractors in the basics of estimating projects. The course considers the unique
factors of scheduling MTA work and how they impact a nal bid. The basic principles of construction estimating,
pricing techniques, estimating labor, materials and equipment as well as pro t and overhead markups are reviewed.
Participants will examine what is needed to complete document reviews, speci cations reviews, quantity takeo s,
pricing, mark-ups, estimate assembly and other bid documentation requirements. Emphasis is also placed on how to
identify, prevent and mitigate potential costly delays and disruptions before project execution.
Topics include:
utilizing means cost data, measuring eld productivity, mobilization and closeout costs,
subcontractor coordination, bid management and planning, and threshold identi cation by the MTA. Additional
topics include: project buy out, long lead items, submittal logs, special conditions and other topics related to
developing an accurate estimate and nal bid.
TRAINING GOALS INCLUDE:
Gain a basic understanding of estimating, basic principles of construction estimating, elements of estimate,
pricing techniques, and estimating labor, materials and equipment, pro t and overhead markups.
Acquire basic bidding strategies to include: general conditions, supplemental requirements, alternate bid pricing
and lump sum changes.
Understand coordination of subcontractor pricing, cost sheets and bid/payment trade breakdown in preparation
for contract award discussions.
Learn how to identify, prevent and mitigate potential costly delays and disruptions before a project begins.
Understand causes and cost of re-work and changed conditions.
Learn how to measure e ciency of eld work and job crew productivity, inventory management and quality
installations.
Understand required construction documentation for field changes, subsurface reports and pre-survey work
conditions to avoid delays.
Perform quality inspection on pre-bid walk-throughs for identi cation of critical elements that can adjust cost.
Compute cost of work site logistics, manpower allocation and specialty services.
ESTIMATING AND BIDDING STRATEGIES
AT THE MTA
• Special MTA bid requirements
• Enhanced knowledge of MTA language
• Effective subcontractor bidding strategies
• Accurate and timely submission of bids
• Concise payment trade breakdown requirements
LESSONS LEARNED
9AM - 5PM
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