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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.

process, and although not directly applicable to the construction management process, it could also be applied to the sequential trade contractors’ bids. Similarly, many of the same underlying principles could also be applied to the further development of cost predictability guides for the increasing range of P3 and

  Process

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