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Guide to Cost PrediCtability in ConstruCtion

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 2012 Guide to cost PrediCtability in ConstruCtion : An Analysis of Issues Affecting the Accuracy of ConstruCtion cost EstimatesNovember 2012 Table of ContentsNote from the Taskforce Chairman ..1 Executive Summary ..2 Taskforce Participation ..3 Introduction to the cost PrediCtability Issue ..4 Issues and Considerations in cost PrediCtability ..6 cost Estimate Variance Matrix ..9 Recommendations for Improved cost PrediCtability ..10 Postscript ..11 Appendix 1 Classes of Estimates ..12 Appendix 2 Documents Recommended for Estimates ..14 Appendix 3 Qualifications for Estimators and cost Consultants ..21 Appendix 4 Sources of Information and References ..24 Enquiries should be directed to: Canadian ConstruCtion Association Guide is the product of the individual taskforce members collective input and does not purport to express or represent the position of their respective organizations or associations.

1. Class A professional and experienced estimating qualifications; 2. Class A completed project design documentation; and ... also be applied to the further development of cost ... and cost management framework is adopted to ensure the desired, or required, degree of cost predictability. The

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