Cost Estimating and Management
Among the five common project discriminators – time, cost, quality, performance and scope – most clients concentrate their efforts on determining and controlling project costs.
GREYHAWK recognizes the importance of having accurate cost estimates before a shovel even goes in the ground. Accurate estimates are needed for budgeting, to verify or modify design decisions at the various stages of the project development and to analyze the accuracy and fairness of contractor bids.
Our Certified Cost Engineers (CCE) and staff of cost estimators and consultants have the credentials and experience to provide estimates that are, on average, accurate to within 5% of bids received.
GREYHAWK prepares estimates at the various stages of project development, utilizing a Work Breakdown Structure (WBS) to code all our estimate items. The WBS allows us to quickly sort and summarize the cost information according to client need. Our estimates will utilize the latest prevailing wage data with our own material and labor productivity costs database. Our cost estimating and management expertise encompasses a wide variety of services.
Cost Estimating and Management services include:
- Conceptual estimates
- Pre-bid estimates
- Cash flow modeling and trending
- Project/program budgets
- Life cycle costs
- Value analysis
- Value engineering cost estimates
- Phasing bid packages
- Analyzing bids and unbalanced bid checks
- Developing schedules of values
- Assessing progress payments
- Estimating and checking change orders
- Preparing costs to complete
- Quantity take-offs