Some simple checks for peace of mind.

There are many methods on how to build up a price for all construction projects, on top of that there are several different contract types to consider. When you factor in lots of other concerns such as the time to complete the price, the experience of the person putting it together and the level of design detail, the list goes on.

You have to take some time to check it, if you don't, the consequences can be catastrophic!

Our assurance experience and expertise has been used across infrastructure, building construction and defence projects where estimating using multiple methods are used.

In every instance whether it's a building renovation or a major infrastructure project the impact of not checking your estimate will have consequences, such as:

1. Possible financial loss

2. Reputational risk and future business

3. Increase in stress and anxiety

4. Project delay and possible cancellation

There are many different levels of assurance from a simple check list to industry benchmarks to detailed comparisons.

Don't get caught out. There are some basic checks and principles you can apply to every project.

For example: -

• Concentrate on the key items, you will find that most of the value sits within the top ten items.

• Scope review against the key items. Is there enough detail? Is there risk?

• Review of key quantities against timescales. Does your programme or schedule align to the quantity?

• Benchmarks - at any level you can benchmark against industry standards. Whether its how much concrete you are pouring and the predicted cost or how much per m2 the single storey extension is going to cost.

• Procurement route? Target costs build up or lump sum? The approach for pricing will differ dependant on request type.

The options for assurance checks across construction and infrastructure projects are numerous, from target cost assurance to budget checking.

But whatever happens don't leave it, don't be complacent, it can take one wrong price to wipe away all the good work of the previous ten.

At Key Estimating we can help, its what we do! From simple assurance checks and tips to detailed price comparisons.

We can help with your process and with tools to make it part of you project delivery.

From client side cost plans and target prices build ups. Contracting tenders and target price submissions.

Get it checked, make it a good habit, part of your estimating process and part of your working day!

We can help you with consistency and driving continuous best practice around information control, tender plans, technical queries linked to assumptions and clarifications.

If you want a truly independent check and advice then get in touch.

Reduce the stress and worry and end those sleepless nights!

Our assurance experience and expertise has been used across infrastructure, building construction and defence projects where estimating with various methods are used.

Get in touch keyestimating.co.uk or email us justask@keyestimating.co.uk