Valid construction cost information has a sound basis in logic or fact, reasonable, cogent, well-grounded, justifiable, and appropriate to the end in view.
The “end in view” for any real property owner and their design-build partners is a well communicated, detailed scope of work, early and ongoing collaboration, and a mutually beneficial outcome.
Robust management of construction project information is central to the consistent achievement of best value outcomes. The foundation of this information is a locally researched detailed unit price database, complete with labor, material, and equipment granularity.