Summary
When you hire construction estimating services, the primary goal is to create a realistic cost estimate for the project. Estimators are responsible for gathering all of the information necessary to make an accurate price quote. They gather such information as: takeoff plans, site information, bidding and negotiation documents, bid Logs, specifications and bidding/negotiating documents from suppliers, subcontractors and vendors, cost studies, bids/solicitations and contracts, work orders, material inventories, material costs and labor costs. These professionals then create a construction schedule using all of the information they have learned to estimate the time, cost and schedule for completion of the project.
The main reason that construction estimating services are used by project managers is because they help them keep track of cost changes during and after the project is launched. Project managers use these services to "fine tune" their bids and keep them within budget. They also use the information these professionals provide on schedule and cost to make important decisions regarding resource acquisitions, changes in plant layout, acquisitions of material and supplies, modifications to work schedules, cost changes due to certification, negotiations with suppliers, design changes and re-furbishing/upgrading efforts. All of these decisions affect the budget and ultimately the company's bottom line. Because construction estimating services take an active role in managing project costs, most construction companies prefer to use one of the following three construction estimating services:
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