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COST ESTIMATION

Our Services

Construction Cost Estimation

Construction Cost Estimation is an extremely crucial part of cost management. It is not only important for the builder, but also allows everyone to follow a budget. Construction cost estimation helps one to approximate the cost of any structure being built.

Different Types of Construction Cost Estimates

Construction cost estimates are prepared by architects, contractors or any other specialist estimating firm. The three type of construction cost estimates are as follows:

Design Estimates

  • Design estimates.
  • Screening estimates.
  • Engineer’s estimates (based on specifications and architectural plans).
  • Preliminary cost estimates.

Control Estimates

  • Budget cost estimate for financing purposes.
  • Budgeted cost after assigning to contractor but before construction.
  • Estimated cost of completion during ongoing construction.

Bid Estimates

  • Generally submitted by the contractor/builder/owner for bidding or negotiation.
 

Other Cost Estimation Services

  • Building cost estimation.
  • Residential construction cost estimation.
  • To estimate project construction budgets.
  • To establish financing requirements.
  • To establish benchmarks for a construction bid.
  • Establish whether a proposed new construction plan is profitable or not.
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