What are the three types of cost estimates?
There are three types of cost estimates ?
1. Bench Marking for Feasibilities
Is a high-level cost per m2 based on historic data on similar projects. It is very similar to a cost plan but based on a footprint measurement called GFA or CFA (Prefered by builders). It is a good indication of price based on an approximate area as a concept stage.
If you wish to read more...
Preliminaries & OR Costs
DO YOU KNOW
WHAT PROFIT YOU MAKE?
When speaking to subcontractors and even smaller builders, I often get asked advice on the market profit margins? It is a touchy question as the answer is not a simple one-liner. The easy way out – is to state that every business is different and the answer always depends on “what the market is prepared to pay”....
Welcome to All Things Estimating
I would like to introduce a new website that focuses on answering two questions –
Can it be built? How much is it going to cost?
My name is Scott Townsend – the founder of All Things Estimating,
I have recently relocated to Launceston for a new adventure for my family and have set up shop working remotely and offering building consultancy focusing on...
Building Industry Tier System
How Does the Tier System Work?
A tier system exists within many industries and is a way to rate the size, quality, accreditation, etc.
The building industry deals with banks and developers who rate businesses, plus we have our own Building Tier System that is based on turnover. The challenge is both the Systems have a Tier 1, 2 & 3 and there are some similarities at...
Quantity Surveyors, Estimators & Cost Planners
“They are three different disciplines, but yet, they are the same”.
Scott Townsend
Quantity Surveyor, Estimator & Cost Planner
To be able to build a project – you must first go through a process of developing a design requirement and then produce feasibility to set rough budgets for the client. This process is normally handled by...
Are you Pre Contracts Or Contracts?
This question is just another way to say – Do you prefer office work or working on site? Designers and most estimators are “pre-contracts” and then after the contract is signed the contract team takes over. Project managers, contract administrator, and site staff are the contracts team.
This is where it gets a little complicated as quantity surveyors and...