Introduction

Understanding & Evaluating Remediation & Repair Estimates is intended to help claims professionals learn to understand, summarize, and analyze estimates from contractors and consultants. It’s not very easy but it is a very valuable skill that can save lots of money. Remediation and repair projects are VERY expensive and yet so few people have the skill to analyze the fairness and value of the costs.

Cost estimating is a profession with specialized skills, training, education, and certifications; but it’s not rocket science. There is some math, so it’s scary to a lot of people. There are many moving parts in a big estimate: designers, insurance, labor, materials, equipment, subcontractors… The list can go on and on.

So how does a normal person without years of experience understand and evaluate an estimate? We are going to show you. Remember: Construction is not terribly difficult to understand. It's really just sticks and stones and pieces of glass and steel stacked neatly. What makes it hard is the complexity; the sheer number of components requires an organizational system. We have one and we present it in this 1-hour program.

Learning Objectives

• Gain a big picture perspective on Estimates.

• Learn to summarize a construction cost estimate.

• Understand the basics of estimate analysis.

• Discuss the power and dangers of Xactimate.

• Review some case studies and real world examples of construction cost estimate summary & analysis.

Program Outline

1. Introduction

2. Case Studies

3. Understanding Estimating and Pricing

4. Understanding the Differences Between Estimates

5. Communicating the Differences Between Estimates

6. Xactimate

7. Conclusion

Our Panel

Continuing Education

Note: You must attend the live webinar to obtain credit. Some states may approve this program for credit following individual submission. Certification of attendance will be sent to eligible webinar attendees within 3 business days of the webinar.

*States marked with an asterisk are still pending approval.

This webinar is approved for 1.0 credit hour of continuing education credit in the following states:

• Texas State Bar

• California State Bar

• Florida State Bar

• California Department of Insurance

• Nevada State Bar