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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 Today’s Lecture Today’s 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 OWNER’S ESTIMATE CONTRACTOR’S 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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This note was uploaded on 05/28/2010 for the course CVEN 349 taught by Professor Damjanovic during the Fall '09 term at Texas A&M.
- Fall '09