Capital Cost Estimating – Owner’s Costs in an EPC Project Delivery Method
What are Owner’s Costs in an EPC Capital Project? This is a question that comes up quite often in capital cost estimating. So, I thought I would share my point of view and experience on this subject. Generally speaking, I would say that the Owner’s costs are all the costs required to bring a project […]
Running a Tech-Focused Construction Job-site
Guest post by Lonnie Tritz, Heavy Construction Industry Consultant – Caterpillar Inc. Most contractors agree that project success is largely determined by four factors: time, cost, quality, and safety. But there isn’t a “one size fits all” approach. The same applies to technology, in that each company’s journey is unique. In this article, Caterpillar will help you […]
Unit Rates for Cost Estimating – Six Easy Steps to Build All-inclusive Unit Rates
All-inclusive Unit Rates [thrive_headline_focus title=”Definition” orientation=”left”] A few readers asked how to build the all-inclusive unit rates. The easiest way to explain it is to start by defining it. In one short sentence, an all-inclusive unit rate includes all costs and markups that we want to recover when we use/charge that specific unit rate.
The Most Revolutionary New Construction Technologies
Guest Post by: Jason Hurdis, Sr. Market Professional, Caterpillar Inc. Tim Crane, General Manager Safety Services, Caterpillar Inc. The construction industry has transformed drastically over the past 20 years. Smartphone apps have enabled real-time information exchange; armloads of files and blueprints are being replaced by a few taps on a tablet. Technology is changing almost […]
Cost Estimate Planning, or not?
[thrive_headline_focus title=”Cost Estimate Planning. Do you have a plan?” orientation=”left”] Cost estimate planning is an activity that I always take it very seriously. I know, some of the projects we work on are small(er) and do not justify implementing a full cost estimate development plan. For those projects, I implement the steps which I consider […]