421 Contracts and Bidding. Contract documents and specifications and their impact on a contractor's bid. Activities include exercises in which the costs of general conditions, special conditions, bonds, and other contractual requirements are determined during a bid compilation. Construction projects of moderate complexity are divided into work packages, followed by calculation of work quantities. Standard cost books are utilized to develop prices for labor, materials, subcontracts, equipment, and overhead.
Emphasis is placed on the use of spreadsheets and estimating software.
425 Project Organization and Supervision. Business policies and problems in relation to construction enterprises. Contractor's organization, financial management, project management, and equipment economics. A study of the planning and control of construction costs and activities. Topics include critical path method scheduling, progress monitoring, cost accounting and cash flow.