If historical data is the bedrock of precise estimating, then standardization is the blueprint. Standardizing isn’t just about creating uniformity, though. It’s about creating a reliable, replicable method that improves the accuracy of estimates. Using a consistent method ensures that each new project benefits from the wisdom of past projects, reducing errors and lifting the quality of estimates.

Much like a blueprint provides detailed guidance for construction, standardization gives you a clear, comprehensive plan for every aspect of the estimating process. By standardizing, you know that every calculation and decision follows a time-tested route. This blueprint-like approach streamlines the estimating function and creates consistency across different projects. Applying proven strategies and insights naturally elevates the quality and precision of your work.

Detailed checklists and state-of-the-art estimating software play a role in the standardized toolkit. These tools complement the intuitive judgment of your team and help you leave nothing to chance. But checklists and sophisticated estimating software are just the beginning. Your team’s estimating knowledge and expertise also come into play because tools are only as powerful as the teams that wield them. You can make standardization a practical, impactful part of estimating. With it, you can increase efficiency and accuracy, meet budgetary constraints, and set new benchmarks for precision and quality.

Although many factors contribute to a blueprint for standardized estimating, three elements deserve special attention: rate tables and specifications, templates, and data access tools.