Ralph Lembcke, P.GSC

Construction Budget Estimating Processes

OACETT proudly represents25,000 engineering and applied science technicians and technologistsemployed in Ontario. Our members are employed inover 6,000 companies, across all disciplines of engineering.OACETT is Ontario's independent certifying body for engineering and applied science technicians and technologists and confers the designations C.Tech. (Certified Technician) and C.E.T. (Certified Engineering Technologist). These designations are recognized across Canada by employers and other engineering professionals.

Ontario Association of Certified Engineering Technicians and Technologists

Learn the fundamentals of construction budgeting—how to create accurate budget estimates, improve forecasting, and align cost with design.

Continuing Professional Development (CPD)

OACETT offers numerous courses that qualify for continuing professional development (CPD) at discounted rates.

The key to a successful financial outcome with respect to a construction project often lies in the accuracy of budget forecasting which took place during the planning stages. Only accurate budgets can establish clear feasibility. Budget estimates allow the comparative allocation of funds and inform intelligent design decisions. But why do so many projects exceed their initial budget forecasts? What techniques are used when project parameter and design information is sparce? How do budgets develop to become more accurate reflections of real time expenditures?<h3>What is a budget estimate?</h3>Whenever we make a purchasing decision our primary concern soon falls to cost. In the same way, once a construction need, desire or investment opportunity is established, the next question is often “what will that cost, can we afford it, and does this make economic sense?” Budget estimates answer all of those questions, but only if proper techniques and procedures combined with intelligence and expertise are employed, and only if the budget continues to develop in harmony with available design information.

<h3>Details</h3><ul><li>Date: April 14, 15 &amp; 16, 2026</li><li>Time: 11:00 AM - 2:00 PM ET</li><li>Member Cost: $495 plus HST + fees</li><li>Non-Member Cost: $525 plus HST + fees</li><li>Format: Virtual</li><li>CPD Category: Active</li></ul>

<h3>Learning Outcomes:</h3>Upon successful completion of this course, participant will be able to:<ol><li>Clearly define construction budgeting.</li><li>Identify and categorize several types of construction budgets.</li><li>List several budget estimating processes and procedures.</li><li>Differentiate between several common processes.</li><li>Understand timelines with respect to budget development.</li><li>Implement the use of budget estimating tools</li></ol>

<h3>CANCELLATION CLAUSE:</h3>Cancellation by course participant:A full refund will be provided to registrants who provide a minimum of two(2) business days cancellation notice prior to the start of the course. The course participant will also have the option of transferring their ticket to a different course start date, depending on availability.Cancellation by Instructor:Decisions on course cancellations will be made prior to the course start date, early registration is recommended. If you register for a course that is cancelled by the instructor, you will receive a full refund.

Agenda

April 14

April 15

April 16

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Construction Budget Estimating Processes

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Construction Budget Estimating Processes

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