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Estimating construction costs
This book presents the basic principles of estimating the time and cost of con¬struction projects. To prepare an accurate estimate the estimator must perform a careful and thorough analysis of the work to be performed. The analysis includes the type and quantity of work, type and size of equipment to install the work, and jobsite conditions that are unique to the project that can impact the time and cost of construction.
This book emphasizes the thought process that is required of the estimator to analyze job conditions and assess the required labor, equipment, and methods of construction that will be necessary to perform the work. To assemble a com¬plete estimate for bid purposes, the estimator must combine his or her knowl¬edge of construction methods and techniques into an orderly process of calcu¬lating and summarizing the cost of a project.
Estimating is not an exact science. Knowledge of construction, common
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