A thorough examination of cost estimating fundamentals is presented in this seminar. Designed for the conceptual estimator, this one day course contains the building blocks every cost engineer needs to know. Based upon the relationship between time and money, participants are taught the principles of the various types, elements, and processes of cost estimating. Several methods of the Rough Order of Magnitude (ROM) estimates are reviewed, including the end-product units method, the physical dimensions method, and the parametric method. Considerable emphasis is placed upon defining elements of the cost estimate and the allocation of such elements in a project. Examples and exercises make this seminar meaningful and enjoyable for all participants.  Participants will also receive an overview of how to prepare a take-off and work through a small example.