We often get asked what building estimators do. In the current environment of rising construction costs, we came across this detailed explanation and thought readers would find it as informative as we did!
Reliable, accurate construction cost estimating services are an integral part of a project’s success, which is why a building estimators services are designed to guide, home owners, project owners, architects, engineers, and contractors to make informed decisions about the budget and resources required for their projects from design through completion. An experienced team of cost estimating professionals tailor their services to address specific project requirements, from utilising particular software to meeting the owner or agency-specific standards, to deliver accurate and reliable cost estimates based on the most up-to-date industry information.
The typical cost estimating services offered include:
- Conceptual Estimates: Conceptual cost estimates assist in the early stages of project planning by allowing our project owners and designers to assess the feasibility of their projects and make informed decisions about their budgets.
- Design Estimates: The estimator works with architects and engineers throughout the development of the Schematic Design through Construction Documents to deliver accurate cost estimates that reflect the project’s scope and requirements.
- Value Engineering: From time to time it may be necessary to perform a value engineering session on an estimate. If the client’s budget requirement is not able to be met, the estimate may need to be reviewed to see where money can be saved or better spent. They assist in optimising the cost of construction projects by identifying opportunities for cost savings and improved efficiency.
- Change Order Estimates: After a project contract is signed, there may be times when change orders are needed. The Quantity Surveyor can assist in accurately assessing the cost implications of changes to the scope of work by comparing the original scope and schedule with the revised scope of work.
- Bid Evaluation/Check Estimates: The estimator can assist in evaluating bids to determine if a contractor’s bid is reasonable, as well as whether the bid included all relevant scope of work in the contract documents.
When working with clients to determine a project’s budget, the quality surveyor draws upon their extensive knowledge and comprehensive industry experience gained through delivering cost estimates for a multitude building companies, public agencies and developers.
They also leverage their years of knowledge of working with construction materials, labor, and equipment costs to ensure clients can make informed decisions by fully understanding their project’s real-time costs, risks, and potential savings at every phase. This experience ensures projects are delivered on time in the smoothest possible way and within budget!
If you are looking for assistance with the construction cost planning of your project, members of our team have had a very good experience in this area with Sydney based Trinity Madison Construction Solutions. We recommend you check out their range of services from project cost planning through to insurance reinstatement valuations, visit their website here: https://tmcs.com.au
Source: https://www.articlebrook.com/what-do-building-estimators-do/
