Cost Estimating Process Overview

The primary steps in the estimating process are:

1. Identify Scope

    • Damage assessment
    • Scope of work, including dimensions and quantities
    • Pre-estimate planning

2. Develop Estimate

    • Data sources and costing
    • Direct cost totals
    • Other project costs
    • Estimate summaries

3. Review

    • Documentation
    • Management and peer review
    • Resolve issues
    • Cost feedback and continued improvement