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Estimating in Building Construction by Steven J. Peterson, Frank R. Dagostino Book Details
| Book Name | Estimating in Building Construction |
| Author | Steven J. Peterson, Frank R. Dagostino |
| Category | Civil Engineering Books, Education Books |
| Book Language | English |
| Pages | 288 |
| ISBN | 013343110X |
| Country | India |
| Book Size | 13 MB |
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About Estimating in Building Construction by Steven J. Peterson, Frank R. Dagostino Book
Estimating in building construction refers to the process of predicting the costs and resources required to complete a construction project. Accurate estimating is crucial for ensuring that the project is financially viable, stays within budget, and is completed on time. Estimating involves analyzing various aspects of the project, including materials, labor, equipment, overhead, and contingencies.
Key points about estimating in building construction include:
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Types of Estimates:
- Preliminary Estimate: This is an initial rough estimate used to assess the feasibility of a project before detailed plans are developed.
- Detailed Estimate: A more comprehensive estimate created using detailed project plans, specifications, and quantities.
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Components of an Estimate:
- Materials: Estimators calculate the quantity and cost of various construction materials needed for the project, including concrete, steel, lumber, and finishing materials.
- Labor: Estimating labor costs involves analyzing the types of tasks required and the number of workers needed, factoring in wages and labor productivity rates.
- Equipment: Estimators assess the equipment required for construction activities, considering rental costs, fuel, maintenance, and operational expenses.
- Overhead and General Conditions: These include indirect costs such as administrative expenses, utilities, permits, insurance, and other project-related costs.
- Contingencies: A buffer set aside to account for unforeseen events, changes in scope, or cost fluctuations.
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Estimating Methods:
- Analogous Estimating: Relies on historical data from similar past projects to estimate costs.
- Parametric Estimating: Uses statistical relationships to estimate costs based on measurable variables (e.g., cost per square foot).
- Bottom-Up Estimating: Involves breaking down the project into smaller components and estimating costs for each component individually.
- Vendor Quotes: Obtaining quotes from suppliers and subcontractors to determine material and service costs.
- Engineering Estimating: Involves using detailed engineering plans to calculate precise quantities of materials and labor.
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Software Tools: Construction estimating software is commonly used to streamline the process by automating calculations, generating reports, and improving accuracy.
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Accuracy and Risk: Accurate estimating is essential to prevent cost overruns and project delays. Proper risk assessment and contingency planning help mitigate uncertainties.
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Change Management: As the project progresses, changes in scope or unforeseen conditions can impact costs. A change management process should be in place to address such changes.
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Communication: Effective communication between estimators, project managers, engineers, and other stakeholders is critical to ensure that estimates are realistic and aligned with project goals.
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Professional Estimators: Experienced estimators play a vital role in generating accurate estimates, drawing on their knowledge of construction methods, costs, and industry trends.
Estimating in building construction requires a combination of technical expertise, knowledge of construction practices, attention to detail, and an understanding of market conditions. Accurate estimating contributes to the overall success of a construction project by helping stakeholders make informed decisions, allocate resources effectively, and deliver projects on time and within budget.
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