Construction Estimation and Project Planning

Flashcards covering key concepts related to construction estimating and project planning.

ROM

Rough Order of Magnitude

Accuracy Level of ROM

-20% to -50% on the low side, and +30% to +100% on the high side.

Hard Costs in a construction estimate

Items that include material, labor, and equipment expense.

Bid estimate (detailed) with an accuracy of -3% to -10% on the low side, and +3% to +15% on the high side.

AACE Class 1 Estimate

Masterformat

A tool used to organize project information in construction specs.

Roles of construction specifications

1. Serve as a legal basis for the construction contract

2. 2. Define process and material grade (quality)

3. 3. Establish workmanship standards

4. 4. Provide guidelines for resolving disputes

5. 5. Offer basis for cost estimate.

Components of construction plan sheet numbers

i. Discipline Designator

ii. Sheet Type

iii. Sequence Numbers.