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Construction cost overruns are serious risks that can send ripples throughout an organization’s budgets and operations. Learn more about how to minimize these with accurate data.
A Scope of Work must be clear and complete for a construction project to succeed, and that means gathering a lot of data. But from where? Let’s explore a few sources of information that can help build a strong scope.
Just 10 minutes south of the Kennedy Space Center in Merritt Island, Florida, stands a sandy-colored building with oak trees in its parking lot that serves as office of Nelson Engineering Co.
Design work is tricky from a time perspective. Architects and design professionals create drawings and conceptual designs in the present and the structures are built in the future.
Architects, engineers and other design professionals juggle several coexisting responsibilities and desires. They want to design and build great, innovative facilities. They want to create reputations for doing thorough, efficient work. Most importantly, they want to maximize their available budget. But how?
With bowling and golf, one miscalculation will drastically alter the end result. Similarly, construction estimating is a precision sport. This article discusses strategies to adjust estimates to market conditions and avoid gutter balls and bogeys.
To successfully create collaborative construction cost estimates, you need to understand the roles being played, appreciate how roles affect each other, establish a common organizational framework and designate a “conductor.”