How does one determine construction should cost?
Verifiable and detailed local market cost data is a core component of what a project “should cost” without builder overhead and profit.
Owner and design-builders can achieve better project outcomes and reduce costs using a robust, comprehensive procurement method to determine the fair and reasonable price of any repair, renovation, maintenance, or new build activity based on a detailed analysis of its detailed line-item components.
Methodology: Examining individual cost drivers, including current, local market labor, material, and equipment information enables an reliable cost estimate from the ground up.
This fact-based approach challenges inflated prices and identifies opportunities for improvement.
Owners and builders can use this insight to negotiate better terms and collaboratively to improve efficiency and reduce costs and improve overall satisfaction.
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