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What Are the Functions of a Cost Estimate in Construction?

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What Are the Functions of a Cost Estimate in Construction?

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Fotolia.com”> jQuery(document).ready(function(){ jQuery(‘#jsArticleStep1 span.image a:first’).attr(‘href’,’http://i.ehow.com/images/a05/sm/jm/functions-cost-estimate-construction_-1.1-800X800.jpg’); }); Construction estimates are a mix of science and art. Construction is a rapidly evolving industry. Technology is responsible for driving many changes in the way construction projects are designed, estimated and built. Increasingly, building information modeling (BIM) creates 3D versions of the project long before construction begins. Integrated project delivery (IPD) opens the door to a far more collaborative approach to building than has been known in recent years. These changes, and the variable scenarios construction projects are built under, cause construction cost estimating functions and processes to vary from project to project. Estimate Project Costs The main function of cost estimating in construction is to determine the total cost of the project, and the individual costs of eac

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Fotolia.com”> jQuery(document).ready(function(){ jQuery(‘#jsArticleStep1 span.image a:first’).attr(‘href’,’http://i.ehow.co.uk/images/a05/sm/jm/functions-cost-estimate-construction_-1.1-800X800.jpg’); }); Construction estimates are a mix of science and art. Construction is a rapidly evolving industry. Technology is responsible for driving many changes in the way construction projects are designed, estimated and built. Increasingly, building information modeling (BIM) creates 3D versions of the project long before construction begins. Integrated project delivery (IPD) opens the door to a far more collaborative approach to building than has been known in recent years. These changes, and the variable scenarios construction projects are built under, cause construction cost estimating functions and processes to vary from project to project. Estimate Project Costs The main function of cost estimating in construction is to determine the total cost of the project, and the individual costs of e

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