COST ESTIMATION

Construction cost estimating forecasts the expenses of building a structure, helping to manage budgets and avoid cost overruns.

Understanding Cost Estimating

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.

Clients considering large projects often seek multiple cost estimates, including those prepared by contractors and those calculated by independent estimators.

Project owners use cost estimates to determine a project’s scope and feasibility and to allocate budgets. Contractors use them when deciding whether to bid on a project. You usually prepare estimates with the input of architects and engineers to ensure that a project meets financial feasibility and scope requirements.

Different Types of Construction Cost Estimates we offer

Cost estimates are broken down into three categories that serve one of three basic functions: design, bid, and control. To establish a project’s financing, you must start with a design estimate or a bid estimate.

1. DESIGN ESTIMATES:

Design estimates include screening (order of magnitude) estimates, preliminary (conceptual) estimates, detailed (definitive) estimates, and engineer’s estimates. These estimates run parallel with the planning and design of a project.

2. BID ESTIMATES

Bid estimates are submitted to the investor for purposes of competitive bidding or general negotiation. These estimates consider the direct construction cost including field supervision, as well as a markup to cover general overhead and profits. Direct construction costs include subcontractor quotations, quantity takeoffs, and construction procedures.

3. CONTROL ESTIMATES

Control estimates are used throughout a project to monitor costs. A control estimate establishes the budget estimate for financing, the budgeted cost before construction, and the estimated cost of completion during an ongoing project.

The Requirement for Construction Cost Estimation Services

As new project delivery methods for constructions continue to evolve, our highly respected Company have foray of construction cost estimation services. Our company have the capability and the experience to provide the following services, amongst others.

Residential Estimates

Commercial Estimates

Civil Estimates

Industrial Estimates

MEP Estimates

Masonry & concrete Estimates

Other Specialty Estimates

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We establish long-term business relationships with our clients and are committed to complete customer satisfaction. We would love to know about your next project.

⚠️Disclaimer⚠️

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We are a Consulting Company and do not hold any Professional licenses or credentials in architecture or related fields. Our services do not include architectural design, planning, or any other activities requiring a licensed architect. For architectural services, please consult with a licensed professional.

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