Article 5: Factors Affecting Estimates and Cost Accuracy
Introduction Every construction estimate is a prediction. It answers the question: what will this building cost, built in this location,…
Practical guides, worked examples and industry insights for Quantity Surveyors and construction professionals.
Introduction Every construction estimate is a prediction. It answers the question: what will this building cost, built in this location,…
Introduction The previous articles in this series have looked at estimating from the client’s side — the quantity surveyor building…
Introduction The elemental cost plan is the single most important document the client-side quantity surveyor produces. It is the link…
Introduction Not all estimates are the same. An order-of-magnitude figure dashed off on the back of an envelope at feasibility…
Introduction Every construction project begins with a question: how much will it cost? That question — simple to ask, rarely…
What Is Value Engineering? Value engineering is a systematic, structured approach to improving the value of a construction project by…
What Is a Final Account? A final account is the definitive statement of the total cost of a construction project,…
Why Variation Valuation and Claims Matter Every construction project changes. Designs evolve, ground conditions surprise, clients amend their requirements, and…
Why Contract Administration Matters Contract administration is the commercial engine of a construction project. It is the process by which…
Why Procurement Route Selection Matters The procurement route determines how a construction project is organised — who designs, who builds,…