The Hendersonville Construction Cost Estimating Experts
Arguably one of the most important parts of any construction project is the cost estimation. Without accurate estimates, you risk going over budget, missing deadlines, and ultimately disappointing the client. Cost estimating is a skill that’s honed over time with experience. Dunlap has been serving our area for over 40 years, which is why we have become Hendersonville construction cost estimating experts.
Preliminary Cost Estimation
In the initial stages of a project, we perform a preliminary cost estimation. Many times drawings or plans are not yet available. As a result, contractors must rely on their general knowledge about material and labor rates to approximate cost. Not all contractors are good at this, as it depends on their level of experience. Fortunately, Dunlap has extensive project history with many types of construction. Our work on commercial, residential, medical, and municipal projects allows us to make educated preliminary cost estimations.
The next phase in the process is to confirm costs with plans and drawings. During this time, we make detailed estimates on labor, material, and timelines. Above all, we focus on accuracy to ensure the project comes in on budget and on time. Essentially we are finalizing our cost estimate, revising the preliminary estimate based on any new information.
Finally, our construction management team develops the cash flow schedule estimate. This becomes a road map to determine whether the project is on track. We identify and monitor intermediate milestones in each phase of construction, which we have found to be better predictor of outcome. Plus, it allows for early detection of any road blocks like delayed materials or cost overages. Our team then takes appropriate steps to get back on track and absorb overages in other parts of the budgeted schedule. We know unexpected problems arise, but good cost planning minimizes the damage.
We value your time and money, which is why we have taken great care to provide cost estimations that are as accurate as possible. When you work with Dunlap, you can be sure that your project is in good hands from start to finish. If you are searching for Hendersonville construction cost estimates, feel free to contact us to learn more about our process and discuss your next construction project.
Trackback from your site.