A unit-rate is a very basic and detailed item that can be found in a lot of estimates or project descriptions. They are used for bidding and detailed estimating purposes. Here’s a short introduction to…
Although the concept of estimating the costs of a project is fairly straightforward, you’ll soon realize it can get rather complex when that estimate contains tens of thousands of cost items. What’s more, if you…
Wouldn’t that be a dream coming true for every cost estimator? The ability to estimate cost for an equipment item in just three simple steps on your computer? With the CESK Objects knowledgebase developed…
Installing a piece of equipment, drawing a PFD or operating machinery makes use of human beings to perform those takes. That is, as long as they’re not taken over by robots. And although a pressure…
To estimate the costs of a large and complex project you need to have some level of knowledge and experience about that particular kind of project, its main pieces of equipment and other factors that…
To improve early estimates, a consistent approach should be in place to quantify locational impacts on your projects: location factors. Applying relevant location factors over parts of the project allow you to translate the required…
During a project, a large amount of data is collected, assessed and reported by the different parties involved in planning and execution. When cost data like quotations and unit-rates are carefully stored in a database,…
In the traditional sense, an estimate is built-up from the bottom by a large amount of detailed cost data. Although this provides elaborate means of reporting and controlling costs, it is not always possible to…
During a project, a large amount of data is collected, assessed and reported by the different parties involved in planning and execution. Think of documentation about design and construction, but also about all other aspects…
In today’s business environment, organizations face increasing pressure to deliver superior project outcomes. Yet the resources are limited, which brings the need to use them efficiently. An important resource is the cost information you use…