Transcription of Guidance Note 2 Base Cost Estimation
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Guidance Note 2 Base Cost Estimation
Guidance Note 2 Base Cost Estimation March 2017 2 Cost Estimation Guidance Guidance Note 2 Base Cost Estimation Version March 2017 Commonwealth of Australia 2017 ISBN 978-1-925531-29-9 March 2017 / INFRASTRUCTURE 3180 Ownership of intellectual property rights in this publication Unless otherwise noted, copyright (and any other intellectual property rights, if any) in this publication is owned by the Commonwealth of Australia (referred to below as the Commonwealth). Disclaimer The material contained in this publication is made available on the understanding that the Commonwealth is not providing professional advice, and that users exercise their own skill and care with respect to its use, and seek independent advice if necessary.
and members of the public with an interest in major infrastructure projects. 1.5: Cost estimating challenges Developing a robust base estimate requires a well-defined scope, access to detailed documentation and historical data, and well-trained and experienced cost analysts. Even in ideal
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