Transcription of Guide to Cost PrediCtability in ConstruCtion
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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 .
The Cost Estimate Variance Matrix As shown in the Cost Estimate Variance Matrix, the accuracy of estimates varies throughout the project design cycle and according to the complexity of the specific project, and several other factors that may be unique to a project. Depending on the class of estimate and the complexity of the project, variances ...
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