Optimizing Construction Cost Estimating Outcomes

Optimizing Construction Cost Estimating Outcomes requires experience, LEAN management practices, common data outcomes, metrics, and continuous improvement.

Optimizing Construction Cost Estimating Outcomes

The OpenCost Approach incorporates significant improvements into the collection, validation, use, & maintenance of detailed line item unit price Construction cost data.

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Below is a the Table of Contents for the 20-page document.

Contents

Introduction. 2

Detailed Construction Cost Data. 3

Traditional Construction Cost Methods. 4

Size of Typical Construction Cost Estimates & Unit Price Cost Books. 5

The OpenCostTM Approach. 6

Summary. 8

Appendix. 11

The Construction Estimating Conundrum.. 11

Line Item Estimating Details. 12

Choice of work Method. 12

Output of crew. 12

Cost of labor 13

Cost of Material 13

Addition for Overhead and Profit 14

Construction Estimator Skill Requirements for Detailed Unit Price Line Item Estimating. 14

Location. 16

Variability of Estimates. 16

Accurate Estimate – An Oxymoron. 17

Historical Data. 20

Optimizing Construction Cost Estimating Outcomes