Construction Management Cost Estimation

Budgeting and cost-control can and often do determine the fate of construction projects at all levels. Quite simply, if financial resources run dry at the worst possible time, the entire project could be rendered unviable. Or at best, cost considerably more than expected and eat into the potential profits of the developer. Success in construction is all about the proactive and efficient use of capital in a planned, controlled and monitored manner. Without which, the practical construction of projects of all sizes simply cannot go ahead. To succeed in construction management, little matters more than the capacity to estimate and budget accurately and efficiently.

This advanced tutorial has been designed for anyone looking to become a confident and capable construction manager. Learn how and why accurate construction project estimations are mandatory, while studying a breakdown of the estimating procedure and key planning processes. Discover the importance of estimating for variations, how project budgets must often be revised and the potential risks of inaccurate estimation.