![]() ![]() Even outside labor consultants may be hired to reach cost data to be incorporated in estimates. A cost engineer or asset manager may very well team up with the comptroller, accountant, field superintendent, project manager, purchasing manager even corporate lawyer. Understand your resources and their cost to you – material suppliers, labor force, subcontractors, construction equipment, indirect costs, management.Įasier said than done, this requires a thorough analysis of costs. ![]() Or, it could be due to a more serious reason such as lack of experience in conceptualizing the work to be performed in the field.Ģ. It could be due to a misinterpretation of the scope based on an ambiguous statement or comment. This may be due to absolutely mundane reasons such as missing drawings, details or specs. It's all too easy to miss out identifying items of work in the project. A good estimate must start with a complete understanding of scope of work followed by an accurate quantity takeoff. Five Common-Sense Rules of Successful Cost Estimatingġ. ![]()
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