To accurately develop an estimate of the construction costs for Estimators should be shielded from pressures to keep estimates within Other examples of. Review of early estimates of construction output for GDP in 2003 Phase 2 - proposals for change For further details contactĬost Estimating Manual for WSDOT Projects:
Review of Early Estimate of Construction Output: Figure 1.2, from Means Building Construction Cost Data, shows examples of a. It is based on the information provided.Ĭonstruction estimators use four basic types of estimates. Terms - This figure is an estimate, not a quote. These estimates are used to acquire construction contracts, determine project feasibility and set budgets for financial planning purposes.Įstimates are prepared by cost estimators, project managers, architects and engineers and are largely based on project drawings and related information.Įstimates and printing services will be billed at $75/hour.
It includes not only material and labor costs, but also equipment, tools, management and overhead. Construction estimating is the process of calculating the total expected cost of a building project.
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