INEIGHT ESTIMATE
ESTIMATING FOR CONSTRUCTABILITY: 3 FOUNDATIONAL PRACTICES
BUILD HYPER-ACCURATE, PRECISE ESTIMATES
In KPMG’s most recent Global Construction Survey, 37% of respondents (a mix of project owners and engineering and construction company leaders) said that they have missed budget and/or schedule performance targets and only 50% of projects are meeting completion deadlines.[2]
When an estimate is imprecise or includes even a small inaccuracy, it can result in unnecessary project challenges, expenses, and delays—which happen all too often.
But a highly-detailed, hyper-accurate estimate helps your organization bid on even first-of-a-kind or complex projects with confidence, and avoid major problems downstream.
To support the problem-solving needed to tackle the particular challenge of first-of-a-kind projects, an estimating solution needs to empower teams to build hyper-accurate estimates quickly—and to precisely adjust estimates, in real time, to adapt to unforeseen issues. When estimators don’t need to spend all their time wrestling estimating software, they can quickly produce a base estimate. With the time they save, the team can jump into alternate constructability scenarios in the estimate and estimate schedule, by calling on their own experience and the experience of their field personnel.
[2] Global Construction industry cautiously optimistic, with ESG and government projects driving positivity, KPMG, June 2023.
Only 50% of projects are meeting completion deadlines
ACCURATE ESTIMATE, ACCURATE OUTCOME
An integrated project controls solution, such as InEight, allows project teams to quickly realign up- and downstream to maintain key project parameters as the reality of delivering a “never been done before” project starts to take shape. Learn more about how InEight enables hyper-accuracy.
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The precision we get from InEight Estimate provides the confidence we need. In today's competitive marketing, there's no room for error in our estimates.
- Bob Carlson, Director of Estimating, Hunter Contracting Company