
That can be used to determine the budget.ĭevelop the schematic design, it’s critical that all parties involved haveĪnalyzed key criteria including the building program, schematic drawings, This phase, a more detailed scope of work is included – allowing the costĮstimator to develop a more involved and comprehensive budget and feasibility plan.Īt the end of this phase, the goal is to have a design, schedule, and estimate Phase, the construction cost estimate is used to develop budget and feasibility Level of estimate should include details such as a functional projectĭescription, location details, planned size, the intended use for the project,Īnd the tertiary factors required such as seating, parking, people space, etc. This level, the estimate includes high-level plans for the project. Guide (WBDG), a program of the National Institute of Building Sciences.Ĭonstruction cost estimate are considered to be construction industry These phases are defined and detailed by the Whole Building Design What are the Phases of a Basis of Estimate? Project – any questions about the project can and should be answered by thisĭocument. The go-to document through-out the project. The BOE provides a detailed account of the project informing government decision-makers and community citizens on what to expect from the project, including the total cost, construction schedule, completion date, and design plans.Īs well, an independent company such as PCS uses the BOE to hold all parties involved in

It is very important to have an independent construction cost expert involved right from the start of the project to ensure that the project budget reflects the decisions made by the rest of the project team throughout the integrated design process.

It’s key that before you startĭigging you’ve done the work in advance to ensure your construction project is

Skipping right to the construction phase. And this is whyĪ construction cost estimate is critical to your project.Īnd decision-makers bypass the expense of having their own independent BOE This means preventing cost overruns, scopeĬreep, limiting change orders, and staying on-time and budget. Validate the opinions of contractors bidding for your project.Ī successful construction project. It’s crucial that you, the project stakeholder have your own BOE in order to cost study, projectĪnd scale of your construction project, you should have your own independent BOE.
