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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.

the desired, or required, degree of cost predictability. The following recommendations should be considered to improve the cost predictability between the final pre-tender estimate and actual bid prices: Before Tender • include sufficient contingency to address market volatility, timing of construction, and other exclusions in the estimate;

  Predictability

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