Construction cost estimators rely on a variety of resources to accurately assess project costs. Here are five essential resources for construction cost estimators:
- RSMeans Data: RSMeans is a leading provider of construction cost data, offering comprehensive databases, books, and software tools for estimating construction costs. Their data covers a wide range of construction materials, labor costs, and equipment costs, providing estimators with reliable benchmarks for their projects
- Building Information Modeling (BIM) Software: BIM software such as Autodesk Revit, Bentley Systems’ MicroStation, or Trimble’s Tekla Structures allow estimators to create detailed 3D models of construction projects. These models can be used to extract quantities of materials and components, facilitating more accurate cost estimates.
- Cost Estimating Software: Specialized cost estimating software like Sage Estimating, CostX, or HCSS HeavyBid streamline the estimation process by providing tools for organizing data, performing calculations, and generating reports. These software solutions often integrate with databases of construction costs and can improve accuracy and efficiency in cost estimation workflows.
- Industry Publications and Reports: Estimators can benefit from staying informed about industry trends, market conditions, and cost factors affecting construction projects. Publications such as Engineering News-Record (ENR), Construction Dive, and Construction Executive offer valuable insights, analysis, and project case studies that can inform cost estimations.
- Local Supplier and Contractor Quotes: For accurate cost estimation, it’s essential to gather quotes from local suppliers and contractors for materials, labor, and subcontractor services. Building relationships with suppliers and subcontractors in your area can help you obtain up-to-date pricing information and insights into local market trends.
By leveraging these resources, construction cost estimators can ensure their estimates are comprehensive, accurate, and reflective of current market conditions.