Construction Today - January/February 2013 - (Page 166)

Civil By Hendrik Degenaar THE EVOLUTION OF COST ESTIMATING T he construction industry is quickly enhancing the science of construction project estimating – a concept as old as the ancient Egyptian pyramids – through new technology. These new tools have been instrumental in helping realize cost savings of time and money for the owner and developers as they bring projects to market. According to a 1994 study conducted by the National Institute of Standards and Technology (NIST), the U.S. capital facilities industry was losing an estimated $15.8 billion per year in 166 CONSTRUCTION-TODAY.COM JANUARY/FEBRUARY 2013 efficiency losses because of inadequate interoperability among computer-aided design, estimating, facility management and other siloed processes and systems. Since that time, advancements in focused development and technology have reduced losses, especially in the area of cost estimation. Estimates vary in depth, specificity and accuracy, ranging from the most cursory “order of magnitude” level to the most accurate “bid documents” level. The goal of building-construction estimating is to arrive at a well-informed and accurate construction cost at predetermined stages of the preconstruction of a project. For several decades, paper construction documents served as an industry commonplace. Initially, the old-fashioned estimating take-off http://www.CONSTRUCTION-TODAY.COM

Table of Contents for the Digital Edition of Construction Today - January/February 2013

Construction Today - January/February 2013
Case Studies
Best Practices
Business Management
Green Construction
Construction Materials
Consigli Construction – Wat Nawamintararachutis NMR Meditation Center Thai Buddhist Temple
The Michaels Organization – University Student Living
Clark Builders – The Mustard Seed
JC Beal Construction Inc.
Plaza Construction – ENV
Regalia Beach Developers LLC – Regalia
Batson-Cook Construction – SkyHouse Orlando
Billingsley – Cypress Water Dallas
Jon M. Hall Co.
Pratt Homebuilders
John Moriarty and Associates – Charlesview Residences at Brighton Mills
Daikin America – Plant Expansion Project
Morton Buildings
MSI General Corp.
ClearSpan Fabric Structures
TOPCOR Companies LLC
Coatings Unlimited Inc.
Brencal Contractors Inc.
Del’s Construction Co. Inc. – Cambria Production Facility Expansion
Paric Corp.
Archer Western – Consolidated Courts Complex
Tishman Construction
McCarthy Building Cos. – Mercy Hospital Joplin
University of Maryland Medical System – Trauma Center Expansion
Swinerton Builders – San Joaquin Community Hospital Cancer Center
The Lemoine Company – Lafayette General Medical Center expansion
L.F. Driscoll – Temple University
P. Agnes
FIP Construction Inc.
National Lutheran Communities and Services – The Village at Rockville
Carothers Construction Inc. – Special Operations Command South Headquarters
The Hillman Group
Taylor Woodstone
Tooz Construction Inc.
Woolley’s Classic Suites
Structure Tone – Novo Nordisk Inc. North American headquarters
Gilbane Building Co. – Potawatomi Bingo Casino hotel
Pacific Building Group
Denark Construction – Owensboro-Daviess County Convention and Events Center
Traylor Bros. Inc.
Bobcat Contracting LLC
Reliable Contracting Co. Inc.
Union County and KemperSports – Galloping Hill Golf Course Clubhouse and Learning Center
E.L. Robinson Engineering
INDOT: 1-69 Corridor
Palmetto Corp
Monroe Tractor
Wood's CRW Corp.
Last Look

Construction Today - January/February 2013