WHAT IS COST ESTIMATING?
In addition to the initial reporting, we can provide construction cost estimating which is developed using information gathered on site, building analysis, architectural or engineering reports and construction drawings or Specifications. We have the expertise, acquired through extensive experience, to prepare estimated costs for demolition work, emergency or restoration work, repair or replacement work scopes.
Construction cost estimating is the process of forecasting the cost of building a physical structure. Of course, builders and clients both worry about the financial impact of cost overruns and failing to complete a project. That’s why they devote time and effort to estimating how much a project will cost before deciding to move forward with it. Clients considering large projects often seek multiple cost estimates, including those prepared by contractors and those calculated by independent estimators.
When considering a development, there are numerous costs beyond just labor and materials that directly impact the total project cost and need to be examined and budgeted for. For example, a client may be unaware of the role inclement weather can have on a project’s bottom line or fail to consider the financial impact of necessary specialized equipment. A well-researched, accurate construction estimate will examine all these costs and more, including materials, labor, location, climate, project duration, building codes, equipment and the availability of utilities, etc.. Even factors such as surface topography, soil conditions and material lead times are considered.