Reliable construction cost estimating is important to real property owners, facilities management professions, architects, and engineers.
If a job is estimated correctly all parties should have a detailed understanding of the scope of work, costs, time, labor, and materials required.
If the job is poorly estimated the lack of technical and cost visibility for all participants spells disaster…. as noted by the fact that 80% – 90% of repair, renovation, and new builds are over budget, late, or not completed satisfactorily.
Reliable construction cost estimating…
- Improves Decision Making: Reliable construction costs be compared to organizational process impacts.
- Streamlines Communications: Using detailed line time cost data that is locally researched and presents in common industry terms assures all participants have a shared view of requirements.
- Ensures Quality and Accuracy: Program, project, and work order planning is enhanced as task level time, material, and equipment requirements are known at any planning, procurement, or execution phase.
- Enhances Data Accessibility: Shared, common processes, supported by enabling technology assure the current version of information is quickly and easily referenced.
- Simplifies Collaboration: Early and ongoing sharing of information in a common format, using reliable, proven processes, builds trust.
Whether planning, procuring, or delivering a repair, renovation, maintenance, new construction project, the following questions are important considerations.
- Organizational Resources
- Appropriate Project Delivery Method & Team
- Common data environment (CDE) – Locally researched cost data organized by CSI Masterformat
- Risk Assessment
Four BT, LLC, for trusted advice and services of the highest caliber. www.4bt.us