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8 essential steps for effective project cost estimation and budgeting

Fieldwire

To say that winning bids is the key to success in construction is a half-truth. Estimating project costs correctly and managing the budget accordingly are just as vital. Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable.

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Commercial Construction Project Planning: 3 Warning Signs Your Budget Might Go Bust

HardHatChat

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services.

Budgeting 337
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How Preconstruction Planning for K-12 Schools Saves Time and Money

Wolgast Corporation

When K-12 School Leaders do reach a point where their District’s need for improvements is beyond what their operating budget can cover, they need to organize a team of professionals to set them up for building success. The AE/CM team then assists the District to identify the full scope, budget, and financial resources for their needs.

Plans 127
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Single Bid for Illinois Statehouse Renovation Comes in $73.5M Over Estimates

ENR Construction

The state blames inflation and a tight project schedule for the single, over-budget bid from Core Construction Services of $243.5

Bidding 78
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Three Easy Steps to Building a Commercial Building

Wolgast Corporation

Three-Phases to Design-Build Construction: Preliminary Design and Estimating Detailed Construction Drawings and Bidding Construction Step One/Phase I – Preliminary Design and Estimating In this First Step or Phase our Architect develops plans based on a needs analysis meeting with the building owner and representatives for a nominal fee.

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Single Bid for Ill. Statehouse Renovation Is $73.5M Over Estimate

ENR Construction

State blames inflation and a tight project schedule for single over-budget bid from Core Construction Services of $243.5

Bidding 68
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Design Build Services Add a Construction Department to Your Team

Wolgast Corporation

Your building department will include an architect, estimator, project manager, project supervisor, project assistant and promoter to complete the following Design-Build Construction phases. Following Phase I Preliminary Design, your estimator will coordinate a smaller pool of bidders to secure a quick, estimated, ball park price.

Design 62