Construction Estimating Method | Construction Cost Estimating

There are several types of constructionestimating method are followed by the professionals.

Preliminary Estimation: It is actually an indication of the cost estimation. Sometime owners have the common demand to know the primary estimate. The expected accuracy is no better than within 20-30%.

Square Foot Estimates: It is based on the historical data only. This technique is effective on preliminary estimation.

Assembly, Conceptual, or Intermediate Estimates: The first one is the bundle of work of different type combine into a single cost element. The grouping of cost data is called sytem.

Final Estimate Types: Final full estimates can be ready when the design and contract documents have been completed, or are fundamentally complete. Generally two types of final estimates are equipped;

• The contractor mean to bid the project,
• The owner’s use in preparing budgets and evaluating bids for the project.

There are also other different kinds of estimates are existed.

• Contractor’s Bid Estimates
• Engineer’s or Owner’s Estimate
• Alternative Analyses
• Change Orders and Claims Estimates
• There are also some tools here also with survey and spreadsheets. The engineering software, project management software, data source, unit price data source etc.



Construction Cost Breakdown