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Best Practices in Pre-Construction Budgeting and Estimating

 

Learn best practices in the development of a pre-construction cost estimate and budgeting of projected costs.

An essential and foundational building block common in successful projects is the development of a reasonable and sound construction cost estimate that accurately reflects the scope of work to be performed. In its initial stages, a pre-construction estimate is developed as the design progresses through its development stages and is updated as design and engineering elements are finalized. This allows the designer and owner to ensure that the proposed design and estimated cost to construct are within the financial parameters established by the owner. As the design nears completion, the significance of the cost estimate shifts from serving as a guide utilized by the designer and owner, to a comparison tool for evaluation of the reasonableness of contractor bid proposals, monitoring of performance, evaluation of change requests and resolution of construction claims. This material will discuss best practices that have been employed in the development of a pre-construction cost estimate and budgeting of these projected costs to account for the planned performance of the work.

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Best Practices in Pre-Construction Budgeting and Estimating

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Best Practices in Pre-Construction Budgeting and Estimating

Faculty

James F. Gallagher, P.E., F.ASCE

James F. Gallagher, P.E., F.ASCE

Resolution Management Consultants, Inc.

  • Principal with Resolution Management Consultants, Inc., possessing over 34 years of engineering, project/construction management, estimating, scheduling and construction claims analysis experience
  • Practice emphasizes all areas of construction/project management and dispute avoidance and construction claims resolution
  • Presenter of numerous programs to various public agencies and to the general public on topics of claims avoidance and dispute resolution
  • Chairman of ASCE’s Transportation & Development Institute Highway Construction Committee
  • Liaison for Associated General Contractors/National Association of State Facilities Administrators
  • Licensed/Registered professional engineer in 15 states
  • Fellow, American Society of Civil Engineers (ASCE)
  • B.S. degree in civil engineering, Drexel University
  • Can be contacted at 800-390-8800 or [email protected]
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Best Practices in Pre-Construction Budgeting and Estimating

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