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Checklist for Project Cost Estimation

Project Cost Estimation is a very import part of construction process. It helps us to determine things will pan out and weather you will be able to match the client's expectation or not.

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Checklist for Project Cost Estimation

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  1. PRE-ESTIMATE CHECKLIST Things to Consider Before Preparing a Cost Estimate for Your Project STEP 1: KNOW THE PROJECT Undeestanding the project and the client’s expectation and objectives to get started with estimation STEP 2: CREATE A PROJECT BUDGET A clear and well-defined budget for a realistic estimate acceptable to the client. STEP 3: HAVE A PROJECT PLAN IN PLACE Project plan and cost estimates have to work in tandem because both depend greatly on each other. STEP 4: UNDERSTAND WHY YOU ARE ESTIMATING Understand the objectives of project estimation keeps you on the right track and saves your time. STEP #5: KNOW THE KIND OF ESTIMATE NEEDED Realigning cost estimates through the project phases ensures that you are on the same page with the client. Designed by Zepth Website: zepth.com

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