- Author
- Construction Industry Institute
- Title
- Estimate Score Program. ESP Guide.
- Coporate
- Construction Industry Institute, Austin, TX
- Report
- Implementation Resource 131-3, April 1999, 84 p.
- Distribution
- For more information contact: Construction Industry, Institute, University of Texas at Austin, 3208 Red River Street, Suite 300, Austin, TX 78705. Telephone: 512-232-3000, Fax: 512-499-8108, Email: info@construction-institute.org Website: http://construction-institute.org
- Keywords
- construction
- Abstract
- Welcome to the Estimate Score Program (ESP) for Windows. ESP was developed by the CII Improving Early Estimates Research Team to enhance the accuracy of early estimates. ESP assimilates the historical performance of many previous estimates to predict and improve the accuracy of early estimates. To accomplish this endeavor, ESP uses a tool developed by the Improving Early Estimates Research Team, the Estimate Score. The Estimate Score functions as a tool for measuring how well an estimate has been prepared for a particular project. The Estimate Score assists the user in identifying the accuracy range of an estimate and, in so doing, reduces the subjectivity involved in preparing and utilizing early estimates. The accuracy of an early estimate depends on four determinants: who is involved in Preparing the estimate, how the estimate is prepared, what is known about the project, and other factors that can influence the cost of a project. The Estimate Score was created to rate the estimate based on these determinants and is organized into four main divisions, one for each determinant. Each division is further broken down into elements. The individual elements that comprise each division are listed and defined.