How to estimate construction project costs
Estimating construction costs starts with a careful review of the project documents to determine the amount of work in a project.
Estimating construction costs starts with a careful review of the project documents to determine the amount of work in a project.
Estimating construction costs accurately relies on many elements. It’s a necessary process and is what underscores the pricing of construction projects. The accuracy or inaccuracy of an estimate can make or break a business’ profitability. However, the elements involved can complicate the process and result in a lot of risk, whether from material price fluctuations to uncertai