Construction Cost Estimation and Budgeting

Objectives

• Understand the principles and methods of construction cost estimation.
• Develop skills for preparing and managing construction budgets.
• Learn techniques for accurate project forecasting and cost control.
• Explore tools and software used in construction cost management.

Content

Introduction to Construction Cost Estimation

• Overview of construction cost components
• Types and methods of cost estimation
• Factors influencing cost estimation accuracy
• Importance of preliminary and detailed estimates

Budget Preparation and Allocation

• Steps in creating a construction budget
• Resource allocation and cost categorization
• Integrating contingency and escalation allowances
• Common budgeting pitfalls and how to avoid them

Cost Forecasting and Control

• Techniques for project cost forecasting
• Monitoring and controlling construction costs
• Variance analysis and corrective actions
• Role of financial reporting in cost management

Tools and Software for Cost Management

• Overview of construction cost estimation software
• Features and benefits of digital tools
• Case studies on software applications
• Trends in technology adoption for cost management

DATE:

1ST BATCH:        10th – 13th Feb, 2026      

2ND BATCH:       9th – 12th June, 2026

3RD BATCH:      6th – 9th Oct, 2026