Question Describe the preparation of an elemental cost planning?
Answer I am not sure exactly what you are asking. If it is how do I plan and estimate costs for a project I would say that first of all I quantify all work items into units of measure such as square feet, cubic yards, cubic feet, linear feet and the like. I would then look at my cost histories for a similar project and would find the unit prices that the work had been accomplished historically. I would then inflate the historical costs to today's cost and apply the updated unit rates to the quantities that I had taken off previously. I would then make adjustments for any difficulties and sum all of the direct costs up. I would then add my indirect costs (site overhead) appropriate insurance, taxes, and main office overhead and profit to get a proposed cost.
Can answer most questions regarding estimating, contracting, project delivery, strategic planning and business management for commercial building construction contracts and companies. Not a lot of knowledge about residential or heavy/ highway projects.
Past/Present clients Microsoft, Quadrant(Weyerhauser), Nintendo of America, Overlake Hospital, Adobe Systems, REI