How to Build a Reliable Concrete Placing Cost from the Ground Up
When it comes to pricing concrete placement, the difference between a good estimate and a guess lies in how you build it. Whether you are using estimating software or working in Excel, the structure that gets you to a defendable number is the same: define the scope, build the crew, apply realistic productivity rates, calculate […]
Demystifying Cost Estimate Types: Choosing the Right Method for Your Project
Cost estimating is the very foundation of construction because successful project planning and execution depend on accurate cost estimation. Understanding cost estimate types is critical to the success of projects, whether you are a seasoned project manager or just beginning your journey into construction management. This article will explain major cost estimate types to help […]
Estimating Labour Costs
Cost Groups and Types in Cost Estimating Before we start discussing the labour costs in a cost estimate, let us briefly review the cost groups and types. Cost Groups Cost Types Direct Labour – Definition In a cost estimate, we will only have direct labour costs for activities that the contractor performs with its own […]
Overcoming Productivity Challenges in the Heavy Civil Construction Industry
by John Sheedy John is the product manager for B2W Software. He has had a leadership role in the development of the company’s specialized B2W Track element for equipment maintenance and repairs and the B2W Schedule element for resource scheduling and dispatching. Real-Time Performance Tracking for Field Data Collection and Analysis The heavy civil construction industry […]
Capital Cost Estimating – Owner’s Costs in an EPC Project Delivery Method
What are the Owner’s Costs in an EPC Capital Project? This is a question that comes up quite often in capital cost estimating. So, I thought I would share my point of view and experience on this subject. Generally speaking, I would say that the Owner’s costs are all the costs required to bring a […]
Unit Rates for Cost Estimating – Six Easy Steps to Build All-inclusive Unit Rates
All-inclusive Unit Rates Definition A few readers asked how to build the all-inclusive unit rates. The easiest way to explain it is to start by defining it. In one short sentence, an all-inclusive unit rate includes all costs and markups that we want to recover when we use/charge that specific unit rate. For example, if […]