Transcription of Cost Estimating Manual for projects
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Cost Estimating Manual for projects
Cost Estimating Manual for WSDOT projects November 2008 Cost Estimating Manual for WSDOT projects November 2008 Page ii Cost Estimating Manual for WSDOT projects November 2008 Page iii Foreword Each project is unique. To accurately develop an estimate of the construction costs for a project, an Estimator must be capable of mentally constructing the project and then accounting for all the activities necessary to complete it. Many of the best cost estimators are knowledgeable in both transportation design and construction. Estimators should be shielded from pressures to keep estimates within programmed or desired amounts based on funding availability. Estimators should be free to establish what they consider to be a reasonable estimate based on the scope and schedule of the project and the bidding conditions ( , local and global market conditions) that are anticipated.
ongoing process to keep technical information relevant and current, as well as provide consistency with the department’s vision. More of an art than a science, cost estimating requires a thorough understanding of project scope, past price history, and current market conditions, as well as with a generous application of human judgment.
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