Transcription of Cost Estimating Guideline - State
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Cost Estimating Guideline - State
Cost Estimating Guideline February, 2017 Procedures are subject to change without notice. Check the Capital Project Delivery website to ensure this is the current version. Table of Contents Section 1 - Introduction .. 1 Purpose .. 1 General Estimating Concepts .. 1 Contents of the Cost Estimating Guideline .. 2 Section 2 - Cost Management Process .. 3 Estimating Concepts Throughout Project Development Stages .. 3 NJDOT Cost Estimation Process by CPD Delivery Phase .. 4 NJDOT Cost Estimating Process Summary .. 9 Estimating Process Background.
Design Development: Throughout the project design process, the known project work items and associated quantities and unit prices will be used to develop a more refined construction cost estimate. These milestone estimates will be used to compare against the …
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