article thumbnail

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.

article thumbnail

Campus costs: Square foot construction prices for student unions

BD+C

A student union is an important hub of activity on any college or university campus. For university officials, student unions are an important recruiting tool. . Given their importance, student unions are becoming more modern and amenities-driven.

Union 45
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 237
article thumbnail

Elements of a Cost Estimate

Construction Cost Estimating

The foundation for a successful estimate depends on authentic takeoff of the quantities of the various materials involved in the project. The various elements that lead to an effective cost estimate are as: Labor Hours : Labor hour amounts can be prepared by crew analysis or applied on a unit man-hour basis.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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!