Posted: July 31, 2018 | Estimating
When it comes to building or general construction, we do not commonly find published tables available for applying modification factors according to scale. Some cost data publications indicate scale factors for selected items, but for other items, estimators must develop their own. Economy of scale is applicable for any estimate – from conception to the final design. In the absence of published tables, estimators develop their own adjustment factors with available data.
Posted: March 15, 2018 | Estimating
Our estimating department gets frequent requests from architects and potential clients to provide budget estimates for upcoming projects that are still in the planning stages. These requests usually come with a short narrative and a simple sketch or a few pages of schematic plans. I prefer to call our response to these requests, “Opinions of Probable Cost” (OPC) Reports. Another favorable term used is a “Conceptual Estimate.”
Posted: January 3, 2018 | Estimating
Rifka Malik, CPESC, CPE, explains the critical components of a construction cost estimate.
Posted: January 2, 2018 | Estimating
Last year, The Korte Company undertook a major software implementation: We upgraded to a new estimating platform across all of our nationwide offices. The transition was kicked off in April 2017, and by November, all 20 of our estimators across the country were trained and ready to use our new software, DESTINI Estimator by Beck Technology, on every project. During the eight months of hands-on work in between, we learned just how much a solid implementation plan matters.
Posted: October 30, 2017 | Estimating
Is it time to start the take-off yet? Absolutely not! Before you open up your take-off software, a thorough review of the specifications is critical to your estimate.