Estimating construction costs has always been a challenge due to volatile material prices and the cyclical nature of the construction market. Traditional cost forecasting has historically used internal data points only, neglecting external forces, in turn complicating budgets and planning processes.
Trending factors, such as labor availability, material pricing and owner roles will all effect planning processes, making flexibility in response necessary. During this webinar, attendees will learn key strategies for adjusting estimates with real-world market conditions in mind.
- Discuss challenges faced within the construction industry when creating estimates and bid proposals.
- Identify strategies to adjust estimates to market conditions.
- Discuss how accurate and timely construction cost data can create efficiencies with estimating and supplement internal costs.