{"id":75296,"date":"2023-07-04T17:22:21","date_gmt":"2023-07-04T16:22:21","guid":{"rendered":"https:\/\/www.typsa.com\/?p=75296"},"modified":"2023-07-14T09:59:21","modified_gmt":"2023-07-14T08:59:21","slug":"cost-estimators-in-civil-engineering","status":"publish","type":"post","link":"https:\/\/www.typsa.com\/en\/cost-estimators-in-civil-engineering\/","title":{"rendered":"Cost estimators in civil engineering"},"content":{"rendered":"

What are infrastructure cost estimators<\/b>\u00a0<\/span><\/p>\n

In these lines we will consider an estimator as a mathematical function, graphical or analytical, that allows, with the scarce data that is available before carrying out a design, to make an estimate of the cost of an infrastructure or of its design.<\/span>\u00a0<\/span><\/p>\n

Usefulness of cost estimators<\/b>\u00a0<\/span><\/p>\n

It is an emergency that we recurrently have to address that of an overwhelmed client who needs in one or two days an offer for an urgent job. Evidently, in accordance with our system and with pure rationality, what we should do is refuse \u2026 but, fortunately, we do not always act following the easy way. Trust in the client or security in our ability to manage the risks we assume can lead us to offer based on estimators.<\/span>\u00a0<\/span><\/p>\n

Any estimate, however accurate it may be, requires an alternative contrast estimate, which shows whether we are offering competitively or not. And that, by the way, detects if there are singularities in the offer that make it exceptionally expensive or cheap.<\/span>\u00a0<\/span><\/p>\n

My experience has taught me that it is convenient to have quick estimates of the cost of the infrastructures that we project throughout the design process. Budgets are usually the last to close and, on many occasions, they show us figures well above the client\u2019s expectations. What to do then? Well, have early estimates that we will share with the client. Much better not to project elements that will end up being eliminated due to lack of budget. <\/span>Cheaper, faster, more satisfying.<\/span>\u00a0<\/span><\/p>\n

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PMP (Project Management Professional) and cost estimation<\/b>\u00a0<\/span><\/p>\n

To give some context of the state of the art within project management, it should be noted that the PMP itself identifies different types of estimates. Among them:<\/span>\u00a0<\/span><\/p>\n