5 Common Mistakes To Avoid When Estimating Construction Costs
Accurate construction cost estimation is vital for ensuring that your projects stay on track and within budget. In this blog post, we’ll discuss five common mistakes that estimators should avoid when determining the costs of a construction project. By avoiding these pitfalls, you can improve the accuracy of your estimates and better manage the budget for your projects. From thoroughly reviewing plans and specifications to accurately estimating labor costs and including all necessary materials and equipment, we’ll cover the key factors to consider when estimating construction costs.
Top Down Estimating
Top Down Estimating Methods Top down estimating is often used by a Client or Asset Owner. It is used to develop an estimate at the very early stages of the design process, mainly at the planning stage where is scope is not clear. A concept estimate is often prepared using a top down method. One […]
Estimator Skills and Knowledge
Estimator Knowledge The estimator uses all information available to him to build the estimate using the bottom up estimating method. The information comes from his own experience, similar projects close out reports, lesson learned or experience as project manager or construction manager. The estimate is a forecast cost that might be incurred to deliver or […]