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Improving the accuracy of early cost estimates for federal construction projects / Committee on Budget Estimating Techniques, Building Research Board, Commission on Engineering and Technical Systems, National Research Council.

Contributor(s): Material type: TextTextPublication details: Washington, D.C. : National Academy Press, 1990.Description: 1 online resource (ix, 44 pages)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 0309564530
  • 9780309564533
Subject(s): Genre/Form: Additional physical formats: Print version:: Improving the accuracy of early cost estimates for federal construction projects.DDC classification:
  • 692.5 22
LOC classification:
  • TH435 .I356 1990eb
Online resources:
Contents:
""Improving the Accuracy of Early Cost Estimates for Federal Construction Projects""; ""Copyright""; ""Preface""; ""Contents""; ""Executive Summary""; ""PUTTING THE PROBLEM IN PERSPECTIVE""; ""COMMITTEE RECOMMENDATIONS""; ""1 Introduction ""; ""STUDY SCOPE AND EMPHASIS""; ""CONSTRUCTION COST ESTIMATING TERMINOLOGY""; ""FOCUS OF THE REPORT""; ""2 Factors Other Than Estimates That Contribute to Budget-Related Problems ""; ""ELEMENTS OF THE CONSTRUCTION PROCESS""; ""Identification of User Needs""; ""Preliminary Screening of User Requests""; ""Development of a Program of Requirements""
""Development of a Concept/Schematic Design""""Development of Contract Documents and a Final Estimate""; ""Award of a Construction Contract""; ""KEYS TO A SUCCESSFUL PROJECT""; ""Accurate Definition of User Needs""; ""Effective Management of Design""; ""Well-prepared Construction Documents""; ""Effective Construction Execution""; ""COMMITTEE SUGGESTIONS FOR IMPROVING THE PROCESS""; ""Involvement of Federal Personnel""; ""Procedures to Ensure Accurate Statements of User Needs""; ""3 Procedures Currently Used by Federal Agencies to Prepare Early Estimates ""; ""PRE-PROGRAMMING ESTIMATES""
""PROGRAM ESTIMATES""""CONCEPT/SCHEMATIC AND DESIGN DEVELOPMENT ESTIMATES""; ""COMMITTEE OBSERVATIONS""; ""4 Suggestions for Improving the Early Estimating Procedures for Federal Agencies ""; ""INTERAGENCY COOPERATION""; ""Standardization of Terminology""; ""Standardization of Estimating Formats""; ""Joint Research Efforts""; ""Pooling of Cost Data""; ""THE IMPORTANCE OF A-E ESTIMATORS""; ""USE OF PARAMETRIC ESTIMATES""; ""USE OF PROBABILISTIC ESTIMATING""; ""Appendix A The Views of Agency Representatives on the Nature and Causes of Budget-Related Problems ... ""
""Appendix B The Construction Budget Preparation Process at the Naval Facilities Engineering Command """"Appendix C The Construction Budget Preparation Process at IBM Corporation ""; ""Appendix D Current Procedures for Preparing Early Estimates ""; ""SINGLE UNIT ESTIMATES""; ""Estimates Based on Function-of-Use Units""; ""Estimates Based on Areas or Volume""; ""The Factoring Method of Preparing Budget Estimates""; ""MULTI-ELEMENT ESTIMATES""; ""Elemental Format""; ""CSI Format""; ""PARAMETRIC ESTIMATES""; ""PROBABILISTIC ESTIMATING AND RANGE ESTIMATING""
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Includes bibliographical references (pages 43-44).

Print version record.

""Improving the Accuracy of Early Cost Estimates for Federal Construction Projects""; ""Copyright""; ""Preface""; ""Contents""; ""Executive Summary""; ""PUTTING THE PROBLEM IN PERSPECTIVE""; ""COMMITTEE RECOMMENDATIONS""; ""1 Introduction ""; ""STUDY SCOPE AND EMPHASIS""; ""CONSTRUCTION COST ESTIMATING TERMINOLOGY""; ""FOCUS OF THE REPORT""; ""2 Factors Other Than Estimates That Contribute to Budget-Related Problems ""; ""ELEMENTS OF THE CONSTRUCTION PROCESS""; ""Identification of User Needs""; ""Preliminary Screening of User Requests""; ""Development of a Program of Requirements""

""Development of a Concept/Schematic Design""""Development of Contract Documents and a Final Estimate""; ""Award of a Construction Contract""; ""KEYS TO A SUCCESSFUL PROJECT""; ""Accurate Definition of User Needs""; ""Effective Management of Design""; ""Well-prepared Construction Documents""; ""Effective Construction Execution""; ""COMMITTEE SUGGESTIONS FOR IMPROVING THE PROCESS""; ""Involvement of Federal Personnel""; ""Procedures to Ensure Accurate Statements of User Needs""; ""3 Procedures Currently Used by Federal Agencies to Prepare Early Estimates ""; ""PRE-PROGRAMMING ESTIMATES""

""PROGRAM ESTIMATES""""CONCEPT/SCHEMATIC AND DESIGN DEVELOPMENT ESTIMATES""; ""COMMITTEE OBSERVATIONS""; ""4 Suggestions for Improving the Early Estimating Procedures for Federal Agencies ""; ""INTERAGENCY COOPERATION""; ""Standardization of Terminology""; ""Standardization of Estimating Formats""; ""Joint Research Efforts""; ""Pooling of Cost Data""; ""THE IMPORTANCE OF A-E ESTIMATORS""; ""USE OF PARAMETRIC ESTIMATES""; ""USE OF PROBABILISTIC ESTIMATING""; ""Appendix A The Views of Agency Representatives on the Nature and Causes of Budget-Related Problems ... ""

""Appendix B The Construction Budget Preparation Process at the Naval Facilities Engineering Command """"Appendix C The Construction Budget Preparation Process at IBM Corporation ""; ""Appendix D Current Procedures for Preparing Early Estimates ""; ""SINGLE UNIT ESTIMATES""; ""Estimates Based on Function-of-Use Units""; ""Estimates Based on Areas or Volume""; ""The Factoring Method of Preparing Budget Estimates""; ""MULTI-ELEMENT ESTIMATES""; ""Elemental Format""; ""CSI Format""; ""PARAMETRIC ESTIMATES""; ""PROBABILISTIC ESTIMATING AND RANGE ESTIMATING""

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