Accurate estimating is critical for maintaining profitability and staying competitive in the built environment. This course equips design and construction professionals with the knowledge to develop more accurate, transparent, and risk-aware estimates. Participants will explore the true costs of doing business—including overhead, labor, and risk—and learn strategies to balance competitive pricing with sustainable margins. By understanding these core principles, professionals can contribute to better project outcomes and reduce the risk of cost overruns or project delays.

Credits: 1 LU | Elective AIA; 0.1 ICC CEU

At the end of this session, attendees will:

1. 1. Identify the full spectrum of business costs involved in project estimating, including overhead, labor, and indirect expenses.
2. Analyze labor factors that affect cost estimates, such as productivity variations, training levels, and overtime requirements.
3. Evaluate potential project risks that may impact profitability and apply risk management strategies to improve estimate accuracy.
4. Develop estimating approaches that support both competitive pricing and long-term business sustainability.