4 Hour Real Estate Estimating and Bidding for Success Course Description


This course will help you recognize the features and advantages of at least five types of estimates, outline a properly constructed estimate that will encompass all the necessary components required for a successful and profitable project, identify the responsibilities of the bid team, what bid day duties include, and gain an understanding of the use of spreadsheets and/or software in structuring a bid program.



Methods of Estimating

  1. General Contracts
  2. Construction Management
  3. Design Build

Types of Contracts

  1. Negotiated
  2. Unit Price
  3. Time and Material

Types of Estimates

  1. Conceptual
  2. Budget
  3. Assembly
  4. Square Foot
  5. Trade
  6. Detailed Cost
  7. Unit Price

The Bidding Process

Bid Documents

  1. Invitation to Bid
  2. Bid Form
  3. Project Manual
  4. Project Drawings
  5. Bid Bonds

    The Bid Team
  6. Owner’s Officer
  7. Chief Estimator
  8. Estimator’s Assistant
  9. Subcontractor/Vendor Assistants

Pre-Bid Duties, Material Costs and Bid Day

Structuring the Bid Program

  1. Identifying Work Scopes
  2. Quantity Take-Off
  3. Self PerformedWork
  4. Labor Costs
  5. Project Overhead
  6. Alternates
  7. Sub/Vendor Quotes
  8. Request for Information
  9. Substitution Request
  10. Common Sources for Error



*Learning Objectives: 1) Identify the various pages/drawings of a blueprint and recognize the symbols used. 2) Gain confidence in the ability to understand and accurately identify components of an architectural rendering. 3) Correctly formulate mathematical computations to measure materials required for a construction project. 4) Understand the need to be specific in all areas of plan reading.

Parts of a Blueprint

  1. Plans and Drawings
  2. Schedules
  3. Specifications


*Learning Objectives: 1) Identify basic measurement standards and resources typically used in construction estimating. 2) Gain confidence in the ability to understand and accurately identify components of an architectural rendering. 3) Develop the skill required to apply production rates for various trades to reach an accurate estimate. 4) Understand the importance of structuring a bid that includes enough gross or clear profit to not only survive but to prosper.

Guidelines I

  1. Concrete
  2. Masonry
  3. Steel

Guidelines II

  1. Carpentry

Guidelines III

  1. Thermal and Moisture Protection
  2. Doors and Windows
  3. Finishes
  4. Specialties
  5. Making a Profit


Course instructors will be available by email or telephone between 9 am and 5 pm Eastern Standard Time. They will assist you with questions regarding course content.

If you have any questions, please call us at 1-800-727-7104 or send an email to info@licensetobuild.com. Email responses will usually be returned promptly, but guaranteed within one business day.

Student policies and procedures are always available by going to www.licensetobuild.com and scrolling to the bottom of the page (See Privacy and Refund Policy).

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