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Having a robust and effective assurance support at any stage of your project is an important aspect of construction that involves a systematic and comprehensive assessment of project risks, quality, programme and cost. It plays a crucial role in ensuring that construction projects meet the required standards, are delivered on time, within budget, and achieve the desired outcomes. Estimating assurance should be a fundamental part of project planning and management to ensure that all aspects of the project are adequately addressed.
The Importance of Estimating Assurance in Construction
Estimating assurance is an essential process that enables our team to identify, evaluate and manage project risks, quality, programme and cost. It involves a comprehensive assessment of the project’s scope, objectives, available resources, and constraints. The process also ensures that all stakeholders are involved in project planning and decision-making, which helps to reduce conflicts and disputes.
Estimating assurance is crucial in construction because it:
1. Improves Project Delivery
Estimating assurance helps in identifying and managing project risks, which ensures that projects are delivered on time and within budget. It also improves the quality of work delivered, which enhances customer satisfaction and reduces rework.
2. Promotes Quality
Quality is an essential aspect of construction because it determines the durability, reliability, and functionality of the buildings or infrastructure. Estimating assurance helps to identify areas of quality concern and develop quality control measures that ensure that construction work meets the required standards and specifications.
3. Reduces Project Costs
Estimating assurance can help to reduce project costs by identifying potential cost-saving opportunities through early identification of potential risks, evaluating alternatives, and optimising the use of resources. This ensures that the project is completed within budget while maintaining quality and safety standards.
Challenges of Estimating Assurance
Estimating assurance is a complex process that involves multiple stakeholders, systems, and processes. The main challenges that construction professionals face when estimating assurance include:
1. Lack of Standardisation
Many organisations lack standardisation of procedures and protocols, which makes it difficult to establish uniformity in estimating assurance. This can lead to conflicts, disputes, and confusion, which can affect project outcomes.
2. Limited Resources
Estimating assurance requires adequate resources, including financial, human and material resources. However, limited resources can affect the accuracy and reliability of the estimation process, leading to suboptimal outcomes.
3. Resistance to Change
Clients and projects are often resistant to change, which can hinder the successful adoption of new and innovative estimating assurance techniques. This can prevent the project from evolving and achieving maximum efficiency.
Conclusion
Estimating assurance is an essential process in construction that helps to identify, evaluate and manage project risks, quality, and cost. Its importance cannot be overstated as it plays a crucial role in ensuring that construction projects meet the required standards, are delivered on time, within budget, and achieve the desired outcomes. Estimating assurance should be an integral part of project planning and management, and construction professionals should actively seek ways to improve and standardise the process to enhance your project's efficiency and effectiveness.
Key Inputs
At Key Estimating we believe its never too late to get your project assured. Don't hesitate, get it checked out. By applying our industry data and benchmarks we can quickly pinpoint where your issues lie. Using assurance tools and pareto principles we can help.
We don't want to come in and point you where you need to look, we would rather support you with setting up your standardised systems and tools so that you can improve and rest assured in the skills and tools you take forward.
For any information or advice on estimating and cost assurance then please get in touch.
email justask@keyestimating.co,uk or check out the website www.keyestimating.co.uk or give us a call at 07747 632190
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