ARCH 3013 Lecture Segment 2 Purposes of Estimating STUDENTS

ARCH 3013 Lecture Segment 2 Purposes of Estimating STUDENTS...

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ARCH 3013 ESTIMATIING COURSE NOTES LECTURE SEGMENT #2 THE PURPOSE OF ESTIMATING 1 Purpose of Estimating: To give a reasonably accurate idea of the cost to the Owner! Two rules of the industry: 1. Serve the client; and 2. Make money ……… Dr. Bockhorn The estimate is critical to the Owner’s ________ (budget) to help them decide whether the work can be undertaken as proposed or needs to be curtailed or abandoned. This decision is dependent upon the availability of _____ and prospective ‘direct’ and ‘indirect’ _______. A ________ estimate that outlines the construction budget for an Owner has to be prepared from a minimum of information when the project is mostly a vague idea. Once the estimating work is commenced most firms compile information into ________ . These are verified during the project phases. This allows for managing the costs for alternative designs so that decision can be made on what to include in the project. Once the design is underway the contractor moves into preparing ________ estimates. Typical project phases definitions: : BASIC SERVICES-PHASES OF A PROJECT SCHEMATIC DESIGN PHASE (SD) Definition: “The schematic design phase is the stage in which general scope, conceptual design, and the scale and relationship of project components are established.” 2 DESIGN DEVELOPMENT PHASE (DD) Definition: “The design development phase is the stage in which the size and character of the proejct are further refiened and described. It included design of archictectural, structural, mechanical and electircal systems, materials, and such other elements as may be apporpriate.” 3 CONSTRUCTION DOCUMENTS PHASE (CD) “Design is elaborated in the construction documents that describe what is to be built, how contractors are to be selected, and how the contracts for construction will be written and administered.” 4 1 Fundamentals of Construction Estimating 2 nd Edition ; Author: David Pratt ;ISBN# 1-4018-0959-6;
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ARCH 3013 Lecture Segment 2 Purposes of Estimating STUDENTS...

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