Construction Cost Estimates
Construction cost estimates that we prepare cover construction and finishing works for new buildings, reconstructions, adaptations, rehabilitation, maintenance and other interventions on buildings. A cost estimate provides an overview of works, quantities and items required for preparing bids, contracting works, planning an investment or assessing the value of completed investments.
COST ESTIMATES WE PREPARE
PURPOSE OF COST ESTIMATES
A construction cost estimate is a detailed description of individual work items, quantities, units of measurement and technical requirements for execution. It allows the investor, designer and contractor to clearly understand the scope of works and compare bids on a common basis.
A cost estimate is prepared based on design documentation, site inspection, available information on the planned intervention or a combination of these sources, depending on the purpose of the document. It may include construction works, finishing works, installation works and other items necessary for the execution or assessment of works.
The preparation of a cost estimate is particularly useful when the investor wants to obtain comparable bids, plan the required investment, define the scope of works or assess already completed investments. Clearly described items reduce uncertainty during contracting and execution of works.
TYPES OF CONSTRUCTION COST ESTIMATES
Cost Estimate for Bids and Contracting Works
A cost estimate is used as a basis for collecting contractor bids, comparing prices and defining the scope of works before contracting.
Cost Estimate for Reconstruction, Adaptation or Rehabilitation
For interventions on existing buildings, the cost estimate helps define the scope of works, necessary preparatory works, removal works, repairs, replacement of materials and final finishing works.
Cost Estimate for Banks, Loans or Investment Assessment
Cost estimates can be prepared for banks, loan applications, assessment of planned or completed investments, completion of construction or documentation of investment in real estate.
Maintenance Cost Estimate
For building maintenance purposes, cost estimates are prepared for planned works, rehabilitation or replacement of individual building elements, making it easier to plan costs and carry out the works.
Water Supply and Sewerage Installation Cost Estimate
A water supply and sewerage installation cost estimate includes item descriptions and quantities for water supply, sanitary drainage, stormwater drainage, hydrant network and related installation works.