The Complete Guide To Cost Estimation In Building Construction: Methods, Management, And Optimization
Estimating in building construction involves determining the cost of a project, from planning and decision-making to cost control. Quantity surveying provides the foundation, measuring and valuing works for accuracy. Various cost estimation methods include quantity takeoff, unit costing, and parametric modeling, each with its strengths and limitations. Budgeting manages financial resources, while bid preparation compiles…