It’s all about the data, processes, metrics, and supporting technologies.
Cost Data: What value is your construction cost data to you? Are you able to easily and rapidly copy/paste, update, share, and reuse your cost estimates?
The answer for most cost estimators, contractors, and owner is “No”. The result is poor productivity, rampant waste, excessive numbers of change orders, and even legal disputes. Leveraging a standard cost database, such as RSMeans, is critical from multiple perspective. First is the common format and data architecture, meaning Masterformat2012. Now, image RSMeans with line items spelled out consistently in plain English, as well as individual line item modifiers which expand available RSMeans cost line items from approximatley 70,000 to well over 400,000. Also imagine all this within a true cost estimating tool that included Contract, Project, and Document management… all withing a collaborative environment.
Technology: First, and foremost, while we all use spreadsheets daily, they are NOT for collaborative cost estimating and sharing information with Owners, Contractors, AEs, etc. I challenge who exclusively uses spreadsheets for doing a significant amount of R.S. Means line item estimating anytime. Appropriate cost estimating tools can and do make the process more efficient and less costly to all parties. Visual estimating/QTO, line item cost estimating, powerful search tools, integrated contract/project/document management and the ability to host RSMeans and custom cost data… all are available within a single software program, such as e4Clicks Project Estimator.
Time for you to provide more detailed cost estimates more productively?