Construction Estimating & Analysis

March 2 & 3, 2019 Itinerary

Day One
Construction primer within the Chicagoland Market. By understanding the evolution of construction, the student will be better prepared to diagnose the necessary critical repairs necessary to evaluate the budget. There are many critical components which are no longer acceptable “code”, and many banks and lending programs require specific code compliance.

Skills Covered

  • The development of residential plumbing and its’ materials
  • Understanding the inner working of electricity from cloth wires to today
  • Changes in framing from 1900 to today
  • Newspapers, wool, cloth, asbestos and polyurethane…learn how all of these materials have kept us warm in the winter and cool in the summer.
  • Today’s very important energy codes and how it affects building
  • Tips and tricks to help you maintain costs under the “Grandfather” clauses
  • Construction criteria for FHA loans and conventional loans

Understanding how to work within the municipalities. This will afford the student the opportunity to better understand the future building possibilities of a property. What is acceptable and what is not and how to find this information.

Skills Covered

  • What are setbacks and how to determine them
  • The critical Platt of Survey – read and understand it
  • What is egress and how this affects building

The permitting process in depth. By having a better grasp of what the municipality will expect, the student can determine the time and cost associated with a large or small remodel.

Skills Covered

  • Where to find permit applications
  • Calculating fees
  • What are blueprints, engineering and topographical drawings…and when are they needed
  • Who needs to be licensed
  • Timing of permits
  • Tips and tricks to help this process along and stay sane!

Construction budgeting – hands-on construction software. You will receive a 30 day free version of Co-Construct to help you along. Review and discuss the most common construction costs and how to accurately calculate pricings. We will dive deep here.

Skills Covered

  • Setting up a project
  • Gant charts and how to use predecessors
  • Budgeting and estimating
  • How to accurately calculate common building elements
  • Sub contractor information portal
  • Setting up automated communications with sub contractors
  • Change orders
Day Two
Site Work. Visit 3-4 nearby locations which are for sale and require remodeling. Following visit 2-3 homes in the area which are for sale that contain nice finishes. Handouts are provided. Required notetaking and pics encouraged.

Skills Covered

  • Putting the estimating knowledge learned in Day One to use
  • Common problems to look for and how to evaluate;
    • Wood rot and water damage
    • Plumbing mis-matched materials
    • Electric overload
    • Structurally un-sound framing
    • Mold
    • Common code violations
    • FHA residential building requirements

Compare the properties based on existing conditions and what would be required for an updated project and its effects on the budget.

Skills Covered

  • Accurate estimating
  • Simple market analysis
  • Good old fashioned detective skills…find the problems so they don’t bite you in the fanny

Carefully evaluate the requirements of permits and zoning and how it relates to the construction project. The knowledge necessary can be obtained through municipal websites and possibly verbal communications.

Prepare for case study. Handouts will be provided. Each student will select one property and prepare a comprehensive construction evaluation for a successful project. Each student is expected to take the following into consideration;
Case Study Tuesday Evening
Each student will present their case study and field questions from fellow students.

Class Terms:

All classes will be held in Algonquin IL.  Coffee, water, soda and light snacks will be provided.

Students will receive the location, time and full syllabus in PDF format as well as what to bring. 

No refunds. 

If a you sign up for a class and would like to have a business partner or partner/spouse join you, they may attend on the same enrollment, but proof of relationship or connection such as a drivers’ license for married couples or articles of incorporation for business owners will be required. No EXCEPTIONS. 

Once you have paid for a course you can re-take the same course again in the next 12 months for free.