Quantity Takeoff for Conceptual Cost Estimating
You might wonder, why would someone want to take time out of their day writing about quantity takeoff on a cost estimating blog. Whenever the question “how do you do the quantity takeoff” comes up, the answer is invariably about the methods used: manual or software. I will cover the software for quantity takeoff in […]
My Top Sources for Construction Cost Data
Construction Cost Data Sources The following are my top data sources for construction cost estimating. I use them successfully in my detail or conceptual cost estimating. They apply to most construction markets, from buildings to many industrial and infrastructure projects. Of course, nothing beats the actual cost data that we collect from completed projects. Unless […]
Direct vs Indirect Costs for Construction Projects CAPEX
Direct and Indirect Project Costs The distinction between direct and indirect project costs in a capital cost estimate is sometimes not so clear. Where do we draw the line? There is a question that comes up quite often. What are the indirect costs for a capital cost estimate? For the person who is not very […]
10 Ways to Earn More Money as a Cost Consultant
When you’re a cost consultant in the building construction industry, you already have a lot on your plate. However, there is no harm in wanting to earn more. Due to increasing competition, most cost consultants are unable to increase their wealth. However, with a proper understanding of some suitable measures to earn income, you can […]
CAPEX Development – Data Sourcing Strategy
We are living in a world where the top expectation is how to get more for less. Companies in the design and construction business find it difficult to position themselves in the market if they do not stay competitive. Yes, the unique value proposition is a valid marketing approach. But, how do we deliver on […]
Capital Cost Estimating – Types and Methods
Working as a cost consultant, I get lots of questions from my clients about how to define the types of cost estimates, the methodologies used for estimating and where to find applicable guides. I thought I would write a blog post to share some quick knowledge. To help us understand how we decide what method(s) […]