Our process reduces the subjectivity of construction cost estimating—boiling it down to a science.

Our goal at Precision Estimating Services is to help our clients develop a clear understanding of the costs and risks associated with their projects so they can better plan for success. We clearly identify project costs and potential pitfalls in order to help our clients develop a more comprehensive understanding of their projects. Precision takes an approach known as Construction Cost Management (“CCM”) to create functional cost estimates and to proactively monitor and control construction budgets from conceptual design through completion of construction.

Estimates

3rd Party Estimating Service

Does my project make financial sense? Financial expectations often determine which projects are started, but only accurate cost estimates determine which projects are completed within budget. Finding the right cost estimating professional is the first step in starting a successful project. Our team of construction estimating experts will answer all of your feasibility questions so that you can focus your time and energy on the most profitable projects possible.

Certified Estimating Professionals

Every project should have an independent, unbiased, Certified Estimating Professional (“CEP”) involved throughout the design process in order to protect the financial interests of the owner. The CEPs at Precision use their engineering judgment and experience to analyze and develop the best course of action for performing accurate cost estimates, establishing appropriate cost controls, and conducting ongoing cost monitoring.

Process

Thorough, accurate cost estimates are essential to the success of any construction project. Our estimate reports go beyond providing a basic schedule of costs. We analyze every nuance of your project and present our findings in a clear and easy to understand report.

Our firm has provided construction cost estimates during all phases of design - from rough sketches to construction document and into project controls. No matter where your project is in the design process, you need to understand more than just the bottom line.

Check out our interactive model below to learn more about how our construction costs estimates can help you in building a better project.

Estimation Walk Through

ROM estimates are based on high-level information and very little detail. Examples include the number of rooms in a hotel or - as in this example - the gross square footage of a planned residence.

Description

Intended use of space, project size, location and level of finish are all that is required to complete a ROM estimate.

purpose

Used to establish a baseline construction budget and better analyze a project’s feasibility.

value added

Despite the preliminary stage of design, we are able to create detailed construction cost estimates by employing various estimating methods, including our own extensive database of historic projects.

At the conceptual design stage, takeoffs become more detailed and include assembly-level quantification. In many cases, input from our takeoff and estimating staff at this early stage helps to inform future design and specification choices.

Description

Architectural sketches and the primary type of construction (reinforced concrete, steel, metal or wood framing, etc.) have been defined at this stage of design.

purpose

Used to refine the scope of work and to establish a more detailed project budget.

value added

By analyzing a project’s costs through its various construction assemblies, the cost impacts of different design choices can be easily analyzed and compared.

A design development estimate is able to examine individual project components in greater detail. For example, a wall assembly now becomes paint, gypsum board, insulation, wood framing, sheathing and stucco.

Description

Architectural plans are nearing completion and preliminary structural and MEP drawings have been provided. There are often multiple iterations of design development drawings and specifications.

purpose

Refine scope of work and create a detailed bill of materials.

value added

Take-offs can be used as a measure of control to ensure that nothing gets left out as the project moves closer to being construction-ready.

The final stage of design and the most detailed level of estimate. All design elements are broken down into individual components. A wood framed wall now becomes a bottom plate, studs and double top plates.

Description

Plans and specifications approved for construction are complete and a detailed finish schedule has been provided.

purpose

Create a comprehensive cost estimate that can be used for quality control of contractor bids and progress tracking.

value added

An estimate at the construction document stage simplifies the analysis of competing contractor bids.