Cost Estimation: The Cornerstone of Every Construction Project
Laozi, an ancient Chinese philosopher, once said, “A journey of a 1000 miles starts with a single step.” Likewise, the most complex large-scale construction projects could not begin without an accurate estimation of costs. Accurate cost estimation by professional construction estimators is critical in creating and maintaining a feasible budget of project costs. Elements of a …
Predicting Soft and Hard Costs: Conceptual Budgeting and Risk Assessment
Any construction project comes with its own unique set of risks — but the better and more thorough the estimate, the more likely the project is to succeed. Conceptual estimating and budgeting help to assess the costs and risks of a project. This is important as it allows your team to understand how expensive a …
