Construction Economics Course
Master the financial and economic principles that drive every construction project, from initial feasibility through final cost control. This course equips you with the analytical tools professionals use to estimate costs, manage budgets, evaluate investments, and win competitive bids. Whether you work in contracting, quantity surveying, or project management, you will gain skills that directly impact project profitability.
flexible workload of 4 to 360h
valid certificate in your country
What will I learn?
You will learn how to prepare and validate cost estimates at every project phase, build and manage project budgets using elemental cost planning, and apply earned value management to control costs during construction. The course covers procurement route selection, contract price mechanisms, and tender strategy so you can make smarter commercial decisions. You will also conduct investment appraisals using discounted cash flow analysis, model project cash flows, and assess development feasibility. Advanced topics include claims quantification, market price forecasting, sustainability cost economics, and the economic impact of digital construction technologies.
Elevify advantages
Develop skills
- Cost Estimation Accuracy: Produce reliable project estimates using quantity takeoff and parametric methods.
- Earned Value Management: Track and forecast project costs using CPI, SPI, and variance analysis.
- Investment Appraisal: Evaluate construction projects with NPV, IRR, and discounted cash flow models.
- Procurement Strategy: Select and analyse contract types to optimise risk allocation and project value.
Suggested summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workloadWhat our students say
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