Estimation of the construction project is considered as one of the most important aspect among all other aspects. There are some serious issues which may occur if the estimation part is not done accurately or with due diligence. Moreover, there are some software and other things available which plays a vital role in the estimation procedure but still some manual tips and tricks could definitely solve the purpose. So let’s see if this can help all the estimators out there:
Plan and put first thing first: there are some misconception and new styles of estimation in the market which are being practiced by most of the cost estimators. But in order to understand the cost estimation or even to plan cost estimation procedure, one has to understand the project itself. Without studying the complete project thoroughly one cannot estimate the price of the project correctly. Moreover, planning starts from the study of the project and nothing more nothing less. It may involve studying the plan properly, communicating with the architect and so much more. Usually this is considered as the most important step for the companies providing services of cost estimation.
Don’t pick the obsolete ideas: there are some methods prevailing in the market which has been labeled as obsolete, so try to avoid and use the latest ones. Dropping the ideas which are seldom used is one of the most important aspects among the cost estimation. Just for an example: the stick method of cost estimation is considered as accurate method, but it is so lengthy and time consuming that people seldom use this method for cost estimation.
Unit estimation: highly recommended to use a unit cost estimation method as it is much easier to calculate and gives the accurate idea of everything. The best way for the unit cost estimation method is to simply, list all the assemblies require and give the unit cost to each item properly; once it’s done combine the items and get the cost without any error. Certainly there are some clients who ask itemized cost estimation along with bifurcation of direct and indirect costs.
Refer to guide books: there is no harm to refer some food unit prices books in the era of computer and technology. Try to manage some books and keep it handy while estimating services in Melbourne the cost, as it saves time if the unit prices are handy and one can easily refer to it. But one must be careful as some books are local and region based, hence cannot be applied elsewhere.
There are so many other dos and don’ts which can be told to the reader, but the aforementioned are considered as the must dos while considering cost estimation.