How to estimate fees: Unlocking profitable projects for your engineering firm
ATTENDEES ARE ELIGIBLE FOR A CERTIFICATE OF COMPLETION.
Ready to master the art of estimating mechanical, electrical, plumbing and fire protection engineering fees and gain profound insights into their impact on your bottom line? Learn about the journey that begins at the very inception of a project — when that initial request for proposal lands on your desk or in your inbox.
In this session, you will not only learn to define project scope, but also develop a rough order of magnitude (ROM) for construction costs and estimate project hours. This hourlong session culminates by dissecting how fees are structured and introduce a simplified system to enhance a firm’s overall project profitability.
This webcast empowers project managers and business development professionals to unlock profitable projects and gain mastery in fee estimation. By the end of this session, attendees will possess the knowledge and tools to make informed financial decisions, ensuring the prosperity of your architectural engineering firm.
Learning objectives:
- Identify the correlation between project scope, estimated project cost and fee.
- Develop a rough order of magnitude (ROM) for construction costs in a simple way.
- Create a top-down approach to fee estimation based on percentage of costs as a guideline.
- Create a top-down approach to fee estimation based on percentage of costs as a guideline.
- Define the allocation of hours for each project phase and develop strategies to effectively manage them.
Presented By:
Douglas Teiger, FAIA, Founder, Teiger Consulting
Moderated By:
Gary Cohen, Senior Editor, WTWH Media
