First Principles Estimating
breaking down the project into its individual components: labour, materials and plant
- Introduction to first principles estimating
- The importance of accurate estimates in construction
- Understanding the project scope and requirements
- Gathering and analysing data for the estimate
- Developing an estimate using first principles techniques
- Adjusting the estimate for risk and contingencies
- Presenting the estimate to stakeholders
- Comparing the estimate to the actual project cost
- Advanced techniques for improving the accuracy of first principles estimates
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