A consistent approach and format to all estimates is important for accuracy and validation. Consistent organization of the estimate and supporting documentation promotes efficiency in preparation, processing, and approval of projects.

The general process for preparing a cost estimate applies to all types of cost estimates, regardless of the type of facility or the size of the project.

FEMA uses the Cost Estimating Format to prepare cost estimates for large projects using factors to represent costs that frequently cannot be determined at the time the project is created in Grants Portal (e.g., base construction cost). However, the construction cost estimate (base cost, Part A of the Cost Estimating Format) is prepared using the same principles that are used for other cost estimates.