Construction & Contractors/Elemental cost planning

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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.

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Lee Kilcup

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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.

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Microsoft, Quadrant(Weyerhauser), Nintendo of America, Overlake Hospital, Adobe Systems, REI

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