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 […]
What is an Estimate?
What is estimating? Estimating is collecting all of the available information relating to a scope of work and the expected resources to undertake and complete the scope, including future changes in resources costs. Estimating is also a mental process of visualisation of a construction methodology. It is not expected to carry a high degree of […]