Cost Models and Preliminary Construction Budgets
Accurate estimating starts with a commitment to quantify and analyze every detail from the preliminary program and schematic design phase of the project. We listen to our clients, then provide a conceptual estimate based on building components, anticipated systems, cost history, and factors for regional market conditions. We use these budgets and clarifications as the point of control to move forward.
DD Estimate/Constructability Review
Continuation of estimating at the 50% design development stage reinforces and refines the preliminary construction budget. This stage involves few key trades with input on constructability, review of project details with recommendations (50% & 80%), and application of building materials and systems. We use TIMBERLINE estimating software to drill down on costs and make detail comparisons.
Analyzing mechanical, electrical, and plumbing (MEP) design criteria, we are able to: (1) analyze alternative systems and performance; (2) evaluate the cost of each system; (3) develop a short list of recommended subcontractors based on scope and system type; (4) define work packages and coordination between these trades; and (5) evaluate life cycle and maintenance costs.
Occurring throughout the design development process, value analysis (VA) is a collaborative effort in which alternative means, methods, materials, and equipment are reviewed. To ensure limited redesign and delays, VA is most effective if completed during the early stages of design development.
GMP/Total Construction Cost
Generally, as the project surpasses the 80% construction document stage, we are prepared to establish the Total Construction Cost and recommend a final GMP amount.