THE CONSTRUCTION PROJECT ESTIMATION PITFALLS
the use of clear , simple software .
4 . Software problems Software can play a key role in reducing process times and even automatically flagging up holes in estimate documents . But placing your faith in badly-built software can lead to errors which go unspotted during the estimating process . Research shows that faults can develop in software construction , programme performance , hardware incompatibility and an inability to incorporate data sourced from other software .
But by far the most important factor in software effectiveness is how it interacts with the “ fleshware ” – in other words , the humans tasked with operating it . If systems are difficult to use - or even understand in the first place - then estimating can become an uphill struggle and errors are more likely to occur . Systems need to be user-friendly and full training and support for staff can help improve buy-in and significantly improve the final cost estimates .
5 . Lack of transparency It is all very well providing accurate estimates for every nut and bolt in a project . But a comprehensive assessment of costs is only half the battle in the bid process . The detailed cost estimates need to be understood easily by staff at all levels of a company . If detailed information is only presented in one rigid format , such as on a single spreadsheet , then staff members have to put more effort into working out the figures they need .
The estimate needs to provide an overview , as well as a detailed breakdown for those at the top of the company structure . But it also needs to give clear and relevant information to staff further down the chain , including project managers and members of the commercial team . Such transparency in estimates also encourages engagement , the sharing of best practice and informed conversations between all those responsible for producing a finely-honed bid and ultimately delivering a successful project .
So how do you make a profit ? One way is to thin about saving money , and the guide ‘ How to save money on construction projects without cutting corners ’ provides a number of solutions on how to boost your bottom line .
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