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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 .

Improving Cost Predictability Early in the project life cycle, i.e., before the requirements are well-defined and before accurate estimates are available, owners will need to set budgets. The challenge for all stakeholders is to ensure that the appropriate scope and cost management framework is adopted to ensure

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