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Caltrans Cost Estimate Template  Form

Caltrans Cost Estimate Template Form

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construction cost estimating is one of the core construction project management skills why does cost estimating matter well at the end of the day it's because Money Matters being able to accurately estimate the true costs of a construction project helps inform several key decisions and helps facilitate important steps in the Project Life Cycle firstly being able to forecast the true costs of a project helps determine its viability if the estimated costs of building a new road are one million dollars it may make economic sense however if the estimated costs are 100 million dollars then it may not be worth the investment accurately forecasting costs also helps project developers obtain financing for their projects it helps them know what funds they need to obtain from a bank cost estimating is also an important part of value engineering it helps inform decision makers as to the most cost effective Alternatives and finally estimating costs is an important part of construction cont

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