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A construction contingency is the amount of money allocated to pay for additional or unexpected costs during the construction project. Typically, a 5-10% calculation of the construction budget should...
The Honolulu rail project offers a long list of lessons including how a lack of proper planning, independent review, and project oversight contributes to the damaging impacts of change orders, constru...
The construction industry is plagued by misunderstanding surrounding cost overruns. Too many people assume that cost overruns are simply a part of construction. This is an incorrect assumption. Howeve...
The new Berlin Brandenburg airport was supposed to open in 2011. Today, March 2019, the Brandenburg still has not opened. The optimistic plan is that this much-needed airport will open in 2020 or mayb...
The common reasons for construction change orders can all be traced back to the decisions made during the construction planning phase. Decisions around the design, drawings, materials, timeline, budge...
The budget, construction cost estimate, and schedule for your construction project are all based on well-thought out and researched decisions. Decisions about materials, design, contractors, leadershi...
A Basis of Estimate (BOE) is a required component of a construction cost estimate as defined by AACE International’s Total Cost Management (TCM) Framework. A BOE is used to define the time, resources,...
Value Engineering is used in construction projects to provide a clear and detailed analysis of how best to meet the goals of the construction project. Value Engineering, when used with cost estimating...
Unfortunately, not much is happening with California high-speed rail. In mid-February, the California high-speed rail project was effectively cancelled. There is much debate and sweating over the futu...
The key to preventing cost overruns is in knowing the reasons why cost overruns happen and having the ability to recalibrate a project before it becomes over budget, behind schedule, and beyond recove...
Project Cost Solutions, Inc
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Decatur, Ga 30030
888-741-3223 (Toll-Free)
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