Construction Cost Estimates: Why Accuracy is Essential
Construction projects always have their differences — each building comes with a unique set of circumstances, even if it’s based on an identical model. This means construction cost estimation must be performed for each individual structure that’s built, and there are a number of reasons that it’s essential for those estimations to be as accurate as possible.
- Blog Post
- December 2018
- Pekka Moilanen
With permanent modular construction (or PMC), you build with modules, so you spend 90% of the pre-construction time in the design and submittal phase. Of the remaining 10%, up to 95% can be completed in a factory-controlled setting. This makes the actual time on the job site extremely brief compared to traditional builds, but there are 5 crucial steps that need to be taken to make the construction process a success.
To avoid mistakes that can both cost you time and blow your budget, construction firms are focusing more and more on impactful pre-construction practices. Before even breaking ground, meticulous plans are put into place to keep your project on track from start to finish.
With any type of construction, meeting — or missing — a deadline can make or break a project. This is especially true with an off-site build, where efficiency and accelerated timelines are touted as major benefits. These benefits are often the reason the building method is chosen over traditional construction in the first place.