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ESTIMATING

ESTIMATING. By Laith Jacob. INTRODUCTION TO ESTIMATING. Estimating is an approximation that defines the Cost of construction Activity or activities prior to commencement of work VS the cost of work during and after construction, which is the Actual cost.

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ESTIMATING

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  1. ESTIMATING By Laith Jacob

  2. INTRODUCTION TO ESTIMATING • Estimating is an approximation that defines the Cost of construction Activity or activities prior to commencement of work VS the cost of work during and after construction, which is the Actual cost. • Activity Cost in general is basically the cost of material, labor and equipment.

  3. PROCEDURES AND STEPS • Advertisement Section 00030 • Purchase of Bidding Documents. • Site Tour and pre-bid meeting • Questions and clarifications – addenda • Meet bid date and time dead line – delivery of bid.

  4. SECTION 00030 ADVERTISEMENT • Bid date and time • Project description • Bidding documents • Bid Security • Any local requirement • Contract time

  5. BIDDING DOCUMENTS • Specifications • Drawings • Addenda

  6. SITE TOUR AND PRE-BID MEETING • Site Accessibility • Temporary construction roads • Staging area • Storage area • Security • Site conditions and finishes

  7. QUESTIONS AND CLARIFICATIONS • Clarify any existing site condition that we feel could affect the estimate (underground utilities not shown on documents, any dewatering and discharge, construction power and water needs….etc. • Any conflict between the drawings and specifications. • Ask for any missing detail or specification section.

  8. TYPES OF ESTIMATES • Conceptual Estimate • Construction Management Estimate • GMP (Guaranteed Maximum Price) Estimate • Design Build Estimate • Lump Sum Estimate • Lump Sum Unit Prices

  9. COST ESTIMATING • Reading the Front End Documents (Division 0 & 1) Division 0 “Administrative and Advertisement” • Instruction to Proposer (Pre-Bid Meeting and Site tour, Questions, Clarifications & Concerns, Delivery of Bids (time & location and number of copies) • Information to Bidders • Bid Forms • Bid Bonds • Bidder Qualification for certain type of projects and broker Contractors • Form of Agreement • General Conditions (Indirect Cost, e.g. Staging area, Access roads, Construction Building Access, Temporary offices, Daily/Weekly and Final Clean up, Temporary Power and Water Utilities, Safety…..etc) • Supplementary Conditions

  10. COST ESTIMATING (CONT.) Division 1 “General Requirements” • Administrative Provisions (Scope of work, Alternates, Coordination…..) • Progress Meeting • Construction Schedules and procurement of Equipment • Submittals • Quality Control (testing for soil, concrete, paving……..etc.) • Construction Facilities and Staging area • O&M manuals and Training.

  11. COST ESTIMATING (CONT.) • Understand the Details of the Drawings and Scopes • Generate The Scope of Work for each Trade and coordinate with the project construction schedule. • Generate General Conditions Cost. • Take off of different trades and price it, as needed. • Generate the Bid Day Scope Check Sheets “Green Sheets”. • Generate The Posting Sheets. • Generate Bid day strategy and responsibilities

  12. COST ESTIMATING (CONT.) • Risk Factors • Know the Owner • Type of work • Location of the project • Competitive Edge Meetings • Know your competitors. • Their weaknesses. • Educate the market through questions to the Owner/Designer and Subcontractors. • Know the Market

  13. COST ESTIMATE AND BID SUMMARY SHEET • Direct Cost, Subcontractors bids, self perform work • Indirect cost, General Condition (Field cost, Safety, Permits, Clean up…etc) Insurance, Bond cost and Overhead & Fee.

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