Cost Estimating Stages
The key to our Schematic Stage services is to include in our estimates items that are not indicated on the drawings and specifications but are sure to appear in the construction documents. This is how we maintain the cost of the project from Concept / Schematic to the Final CD stage. As the design proceeds, our team goes on to prepare estimates at various stages of design completion. At these various stages of design, during the preparation of the estimates, there is close communication with the Owner personnel, architects and engineers. This allows the design team to adjust the design according to the Budget. Our team works closely with the Owner and A/E teams in order to maintain the budget.
During the Design Development Stage, the project estimate begins to take on a more defined shape. Certain detail appears in our estimate that shapes the final cost of the project. At the Final Stage, Cost Concepts produces a highly detailed estimate that is supplemented with various qualifications and price quotations. The qualifications list that we develop is a list of items that alert the Owner and design teams of possible change orders once the project is bid. This prompts the design team to review and adjust the documents, accordingly, avoiding cost extras or overruns.
As the project is bid, we supply the Owner and the design teams with various analysis and bid reviews.
During the entire estimating process, we will strictly adhere to Owner Estimating Guidelines and Requirements. We have prepared many estimates for various Facilities and City, State and Federal agencies and we realize how important it is to follow their format and procedures.
