COURSE: LI-415 Cost Analysis and Value Engineering (3)|
This course includesinstruction and practice in estimating construction project costs: direct and indirect costs, labor, materials, and equipment along with accounting for overhead and profit. Conceptual estimating methods,
cost variance analysis, depreciation, variable costs, and funding sources and arrangements are also addressed. Students will analyze a contractor’s ability to bid, bond, and perform a construction project and how to effectively identify and deal with cost overruns. Prerequisite: All construction prerequisite courses; LA-120; LF-200.