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Unformatted text preview: 1 CVEN 349: Civil Engineering CVEN 349: Civil Engineering Project Management Project Management LECTURE # 16 Fall 2009 Dr. Ivan Damnjanovic Todays Lecture Todays Lecture Type of Estimates Detailed Estimate Preparation Quantity Takeoffs Cost Estimates Cost Estimates Estimating is the process of looking into the future and trying to predict project costs and resources required Halpin Who needs such estimates? Owners to approximate cost of projects Contractors to propose bids When do we need estimates? 2 Project Development Project Development HA Fig 2-1 OWNERS ESTIMATE CONTRACTORS ESTIMATE Type of Estimates Type of Estimates Conceptual Preliminary tails Engineering Bidding Level of De Error Conceptual Estimate Conceptual Estimate Prior to the commencement of design Facility is characterized in terms of square foot of floor space, or cubic foot of usable space Such unit is multiplied by price per unit to produce the estimate Building cost data published by RS Means 3...
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- Fall '09