Types of estimating
In its broadest sense, the term ‘estimating’ is the process of quantify something. In the construction industry, it is typically used in relation to determining the approximate costs associated with a construction project, used, for example to assess the viability or affordability of the project or aspects of it.
Types of estimating include:
- Analogous estimating.
- Bay method.
- Benchmarking.
- Bottom-up estimation.
- Cost plans.
- Elemental estimating.
- Expert opinion estimating.
- Operational rate estimate.
- Order of cost estimating.
- Parametric estimating.
- Post tender estimate.
- Pre-tender estimate.
- Three point estimation.
- Top down estimating.
- Unit rate estimating.
[edit] Related articles on Designing Buildings
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
Mayors are to be given planning call in powers
Mayors across England will be able to make the most important planning decisions.
The Master Builder: William Butterfield and his times. Book review.
Why construction can't afford to ignore the skills gap.
Building Safety Regulator, 19 August
Gill Kernick appointed Independent Chair of Residents’ Panel.
Connecting knowledge, technology and conservation
Building competence for the future of built heritage.
Building Regulations and Building Safety Act
CIOB publishes free advice for non-domestic clients.
Building Safety Newsletter from MHCLG.
An extraordinary record of steel engineering worldwide.
Households living near new pylons to save on bills.
ECA warns growth must not outpace grid capacity or skills.
The role of the client and decision making
CIOB response to built environment professions call for evidence.
Construction's sustainability reporting revolution
Tracking upfront embodied carbon with digital tools.