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Better Proposals Using Basis of Estimates (BOE)

Kevin A. Mussmacher, P.E.

A major cause of cost and schedule overruns in projects is the poor accuracy and quality of the technical and cost proposals submitted in an attempt to win a contract. The tool to help avoiding this is the Basis of Estimate (BOE). The purpose of a BOE is threefold. 1) It tells you what tasks you are supposed to bid in accordance with Request for Proposal (RFP) or specification guidelines; 2) It tells you how much you actually bid for these tasks and why; 3) To note any special conditions, circumstances or assumptions made that would affect the bid.

This course includes a multiple-choice quiz at the end, which is designed to enhance the understanding of the course materials.

* This course is acceptable to all the state PE boards except the New York State PE & PLS Board.

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NY PE & PLS: You must choose courses that are technical in nature or related to matters of laws and ethics contributing to the health and welfare of the public. NY Board does not accept courses related to office management, risk management, leadership, marketing, accounting, financial planning, real estate, and basic CAD. Specific course topics that are on the borderline and are not acceptable by the NY Board have been noted under the course description on our website.