Guide to Cost PrediCtability in ConstruCtion

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Guide to cost PrediCtability in ConstruCtion :an analysis of issues affeCtinG the aCCuraCy of ConstruCtion cost estimatesPrepared by the Joint Federal Government / Industry cost PrediCtability Taskforcenovember 2012Guide to cost PrediCtability in ConstruCtion : An Analysis of Issues Affecting the Accuracy of ConstruCtion cost EstimatesNovember 2012Table of ContentsNote from the Taskforce Chairman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1Executive Summary.

cost predictability increasingly grew in each taskforce meeting as more and more variables were raised and reviewed. As the topics for consideration ranged from first bid comparison, whether low, median or average, to cost growth during construction, to final project cost, and even whether to review various “soft costs” to the extent

  Cost, Construction