Construction Cost Estimating, Budgeting and Cost Control |Smart

Overview

Why Attend

Accurate Construction Cost Estimating is the foundation of every successful engineering project — it shapes the budget, drives tendering decisions, and determines whether a project remains financially viable from concept to completion. This training course builds practical, end-to-end competency in estimating, budgeting, and cost control, giving participants the skills to manage project costs with confidence and precision across every stage of delivery.

Participants will learn how to perform accurate quantity takeoff, prepare and interpret a BOQ, and apply structured budgeting and cost planning techniques to engineering projects of varying scale. The course also covers value engineering approaches for optimizing cost without compromising quality, along with core principles of construction finance that connect day-to-day cost control decisions to overall project profitability.

Course Objectives

By the end of the course, participants will be able to:

By the end of this training course, participants will be able to:

Apply accurate quantity takeoff methods for engineering and construction projects
Prepare and interpret a bill of quantities (BOQ) for cost estimation and tendering
Develop reliable project budgets aligned with scope and design
Apply cost planning techniques throughout the project lifecycle
Use value engineering methods to optimize cost while preserving quality and function
Implement cost control systems to track and manage project spending
Understand core construction finance principles that affect project profitability
Identify and manage cost risks before they impact project budgets

Target Group

Cost engineers and quantity surveyors
Estimating engineers and tendering professionals
Project and construction managers responsible for budget oversight
Contract administrators involved in cost and value management
Finance and commercial professionals working on engineering projects
Consultants and client-side teams managing project cost performance

Course Outline

Foundations of Construction Cost Estimating

The role of cost estimating in engineering project success
Types of estimates and levels of accuracy
Sources of cost data and estimating standards

Quantity Takeoff and BOQ Preparation

Quantity takeoff methods for civil and engineering works
Structuring and preparing a bill of quantities (BOQ)
Common errors in takeoff and how to avoid them

Budgeting and Cost Planning

Developing project budgets from design and scope
Cost planning across project phases
Contingency and escalation allowances

Value Engineering

Principles and process of value engineering
Identifying cost-saving opportunities without compromising quality
Applying value engineering during design and construction phases

Cost Control

Establishing cost control systems and baselines
Tracking actual costs against budget
Managing variations, change orders, and their cost impact

Construction Finance

Cash flow forecasting and financial planning for projects
Understanding profitability and financial risk in construction
Linking cost control to overall project financial performance

Practical Application

Case studies in estimating, budgeting, and cost control
Building an integrated cost management approach
Lessons learned from real engineering project cost challenges

Schedule & Fees

2026 Schedule & Fees

4 - 8 Oct, 2026

English

Per participant USD 2,900

4 - 8 Oct, 2026

Arabic

Per participant USD 2,900

25 - 29 Oct, 2026

English

Per participant USD 2,900

25 - 29 Oct, 2026

Arabic

Per participant USD 2,900

2027 Schedule & Fees

3 - 7 Jan, 2027

English

Per participant USD 2,900

3 - 7 Jan, 2027

Arabic

Per participant USD 2,900

24 - 28 Jan, 2027

English

Per participant USD 2,900

24 - 28 Jan, 2027

Arabic

Per participant USD 2,900

4 - 8 Apr, 2027

English

Per participant USD 2,900

4 - 8 Apr, 2027

Arabic

Per participant USD 2,900

25 - 29 Apr, 2027

English

Per participant USD 2,900

25 - 29 Apr, 2027

Arabic

Per participant USD 2,900

4 - 8 Jul, 2027

English

Per participant USD 2,900

4 - 8 Jul, 2027

Arabic

Per participant USD 2,900

25 - 29 Jul, 2027

English

Per participant USD 2,900

25 - 29 Jul, 2027

Arabic

Per participant USD 2,900

3 - 7 Oct, 2027

English

Per participant USD 2,900

3 - 7 Oct, 2027

Arabic

Per participant USD 2,900

24 - 28 Oct, 2027

English

Per participant USD 2,900

24 - 28 Oct, 2027

Arabic

Per participant USD 2,900

Construction Cost Estimating, Budgeting and Cost Control for Engineering Projects Training Course

Overview

Why Attend

Course Objectives

Course Outline

Schedule & Fees

2026 Schedule & Fees

2027 Schedule & Fees