Composite Crew Rates in Cost Estimating
What Are Composite Crew Rates Detailed cost estimating best practice for determining labour and construction equipment costs is determining composite crew rates. The composite crew rates are the averages weighted to account for: labour and equipment costs and units per activity/task unit of measure. Let’s say we want to determine the costs of culvert installation. […]
Charge Out Hourly Rates for Small Contractors
What is the “charge out hourly rate”? I was browsing the internet for a bathroom renovation contractor a few weeks ago. I landed on the www.TrustedPros.com website. Great site if you are looking to find contractors for your home. I shortlisted a few and sent out the invitation to submit a price for my project. […]
Construction Cost Data Resources Revised List
Construction Cost Data Resources- Follow-up on a previous article A while back, I published an article on the LinkedIn Pulse platform about my preferred (and known) reliable sources for construction cost data. Here is the link to the original post. The article was very well received, and quite a few readers left comments, including additional […]
Freelance Consulting Rates – How to Calculate Them
When you first start out as a freelance consultant, things feel great. After all, you wanted to leave that job so badly. You are now free to work your hours, set up your office in your house and walk the dog at any time of the day without feeling guilty. Yes, it is great to […]
Cast-in-Place Concrete Cost Estimating
Understand the process Unless you are a cost estimator for a specialty trade contractor, chances are you will need to do cost estimating for cast-in-place concrete. Also, for those using unit pricing cost estimating for concrete works, here is a breakdown of how the cost is considered and calculated. First things first. To properly determine […]
Pricing Risk in Construction Tenders
Risk Pricing Approach Additional details are: While the literature suggests that risk pricing is a separate process that follows after the completion of the base estimate, practice shows that this process is contingent on preferences within each organization. Who is involved in the pricing of risk? This is dependent on the organization and the size and type […]