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) […]
Construction Cost Estimating – Composite Crew Rate
What is a Composite Crew Rate? Composite crew rates are a common practice for cost estimating. If you are using cost estimating software, you do not need to determine a crew composite rate; the software does it for you. But you still need to set up your crew(s) for your construction activities. Setting up the […]
How Do You Estimate Labour Productivity
At the core of cost estimating are labour productivity and efficiency. Do you have a good handle on it? Wikipedia defines labour productivity as: “the value of goods and services produced in a period, divided by the hours of labour used to produce them. In other words, labour productivity measures output produced per unit of […]