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8 essential steps for effective project cost estimation and budgeting

Fieldwire

Estimating project costs correctly and managing the budget accordingly are just as vital. All subcontractors make project cost estimation and budgeting errors. Follow these eight essential steps to estimate project costs and budget funds effectively to prevent grave miscalculations.

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Women in Construction – As Told By Women

Construction Marketing

” Sarah Liles, an estimator and project engineer, also notes that women often need to self-advocate in a way that men don’t: “You have to take responsibility for your own education. About unions…. You see very few women in [the non-union] side, and if you do see them they’re holding a stop or slow sign or flagging.

Union 240
professionals

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Steps Toward Successful Construction Cost Estimating

Building Information Management

Steps Toward a Successful Construction Cost Estimate. Collaboration – “no successful cost estimator is an island”, It is critical to understand the full scope of any project. Transparency – Despite what you may hear, there is no “secret sauce” involved in cost estimating, and no “black magic” either.

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The 5 Steps Toward Successful Construction Cost Estimating

Building Information Management

Five Steps for a Successful Construction Cost Estimate. Collaboration – “no successful cost estimator is an island”, It is critical to understand the full scope of any project. Transparency – Despite what you may hear, there is no “secret sauce” involved in cost estimating, and no “black magic” either.

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5 Steps to a Successful Construction Cost Estimate

Building Information Management

Collaboration – To paraphrase, “no successful cost estimator is an island” It is critical to understand the full scope of any project. Collaboration spans discussions with Owners, Contractors, Subs/Trade, site visits, sharing estimates and jointly reviewing/refining and negotiating estimates, and more!

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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. This total or subtotal is usually identified as such in an estimate report. Also known as Total Estimated Contract Cost (TECC).

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G. F. Wilbur Plumbing replaces apartment buildings’ water heaters

Contractor Magazine

Brad Howe, project manager and commercial estimator for Ann Arbor, Michigan-based G. Wilbur Plumbing, and a crew of talented UA Local 190 union tradesmen installed replacement water heaters for the Chestnut Lake apartment complex in Yip-see. In “Yip-see” Mich., an almost-forgotten job paves the way for another. read more.