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DH Consulting Group specializes in analysis of complex design and construction issues in support of cost-effective and time-sensitive dispute resolution. Recent Resources
Your clients, whether private developers, public owners, lead architects, or design-build constructors, rely on construction cost estimates prepared by a design professional to establish project budgets and plan for future work. Structural engineers rarely find themselves in a lead role for these project documents but, nevertheless, need to understand the significance of these documents and their implications for the structural engineer's scope of services.
Did you know there are different types of construction cost estimates? There are preliminary or ballpark estimates, intermediate estimates, Engineer’s estimates (sometimes referred to as the owner’s estimate) and the Contractor’s bid estimate. The appropriate estimate type depends on when, during project development, the estimate is required. Regardless of the estimate type there are associated risks for design professionals involved in preparing an engineer’s estimate of construction costs. The article reviews the risks and the suitable methods to minimize a design professional’s exposure to those risks. Read the full article here... Subscribe to Design and Construction Management Professional Reporter here.
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