Who we are
Dedicated Cost Consultants
Precision Estimating Services (Precision), headquartered on the Central Coast of California in San Luis Obispo, is a professional consultancy specializing in providing detailed construction cost estimates. We provide our clients – both public and private institutions throughout the United States – with expert, data-driven guidance on their construction projects. Our approach is built upon the rigorous guidelines set forth by the American Association of Cost Engineers (AACE) to create accurate, reliable, and defensible assessments of probable construction costs.
We were founded in 2013 by an architect, contractor and a real estate developer to bring clarity and expertise to a growing need for data-driven construction costs. The firm has since grown to over thirty quantity surveyors, cost estimators, construction managers and administrative personnel experienced in delivering successful commercial construction projects throughout the United States.
Comprehensive and Insightful Cost Consultants
Precision has earned a reputation as one of the most comprehensive and insightful construction cost consultancies in the industry. Each member of our talented team is carefully selected and highly trained. Our Cost Managers hold degrees in construction management, civil engineering and related disciplines. Additionally, our robust project experience across a variety of sectors enables our team to serve on the most technically complex and thought-provoking construction projects.
Our construction cost estimating process is forward-thinking and predictive in nature. Each cost estimate report is influenced by many factors, including current labor rates, material prices, site constraints, and external factors such as macroeconomic trends and the current political landscape, such as the recently lifted tariffs on industrial metals from Canada & Mexico (May 2019). We consider market volatility, commodity prices, and the current availability of labor for each project location. We truly understand market trends and how to apply these factors to each project we serve.
We are Precision
With the majority of our client base coming from the architectural, engineering and development community, we have significant experience providing comprehensive cost estimating services at all levels of design. Our Cost Managers are experts at developing detailed construction cost estimates from the early conceptual programming levels (where minimal detail is shown on plans) through the schematic design, design development, and fully detailed construction document levels.
We assess our Clients’ needs on a project-by-project basis. As a result, each report we submit varies in level of granularity. To meet the specific needs of our Clients, our construction cost estimate reports – all of which are produced in-house – are specifically tailored to create a clear understanding of probable construction costs. As a member of the design team, we work collaboratively with project stakeholders to effectively communicate major cost drivers, provide directive value engineering suggestions, and identify errors and omissions where applicable.
The multi-disciplined approach taken by Precision reflects our intimate understanding of the importance of proper cost planning. The cost estimate is the basis for major decisions, including the establishment of a realistic budget and the overall financial viability of a project. Precision is dedicated to crafting construction cost guidance that is accurate, reliable and defensible.