- Author
- Construction Industry Institute
- Title
- Improving Early Estimates Best Practices Guide.
- Coporate
- Construction Industry Institute, Austin, TX
- Report
- Implementation Resource 131-2, September 1998, 47 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
- For any capital investment, an early estimate is prepared to enable the business unit to make sound economic decisions. The estimate is important to the business unit because it becomes the basis for analyses of return on investment. The early estimate is also important to the project team as well because it becomes one of the key project parameters. It helps formulate execution strategies and provides a basis to plan engineering and construction. The early estimate often serves as a baseline for identifying changes as the project continues to develop.