Within the construction sector, estimating is the process of quite literally “Estimating” the cost of building the structure.
Gama Group provide an expert cost estimating service that takes into account all the different cost considerations of a build.
Our expert estimating service typically spans several phases of the construction process, including:
Mirroring concept phase
Schematic design phase
Design development phase
Final construction documents phase
In an effort to be as accurate as possible with our estimations, we take into account market conditions and possible fluctuations in material prices. We also take into account any regulatory concerns and requirements that will likely affect the final build cost.
What is involved in construction cost estimation?
Construction cost estimation, like construction project management, is a multi-layered activity that needs to access every aspect of a build to come up with an accurate cost assessment.
Some of the more obvious cost factors that are taken into account include:
- Material Costs
- Conveying equipment
- Equipment hire and running costs
What are hard and soft costs?
We break down construction costs into two defined categories.
Hard costs are concerned with the price of building materials, labour, equipment etc. Generally speaking, hard costs are any costs concerned with materials and skills that are essential to construction site preparation and the erecting of the actual structure.
Soft costs are the variety of activities that are peripheral to the actual construction. These costs include permits procurement, engineering, construction management etc.