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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.

construction management process, it could also be applied to the sequential trade contractors’ bids. Similarly, many of the same underlying principles could also be applied to the further development of cost predictability guides for the increasing range of P3 and lease/purchase procurement process variations. Taskforce Analysis

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