Project Estimation

Cost estimation in construction project management is a multi-faceted activity. On the one hand, the process quantifies a project’s construction costs.

An estimate for any construction work may be defined as the process of calculating the quantities and costs of the various items required in connection with the work. Before the start of any work for its execution, the owner of the builder should have a thorough knowledge of the volume of work.

Project Estimation Specification

• Get a Precise and Detailed Scope of the Project
• Use Stick Estimating to Gauge Costs
• Become Familiar With Calculating Costs by Hand
• Use Unit Cost Estimating for Speed
• Incorporate Estimating Software Appropriately
• Calculate Costs for Labor and Materials