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Construction estimating software. Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.
In November 2010, CSI acquired Building Systems Design (BSD) to help advance software tools for specifications development and communication of building information across the building team. [ 2 ] [ 3 ] BSD is a software firm that is a leading developer of commercial master specifications and construction cost estimating software.
Uniformat is a standard for classifying building specifications, cost estimating, and cost analysis in the U.S. and Canada. The elements are major components common to most buildings. The system can be used to provide consistency in the economic evaluation of building projects. It was developed through an industry and government consensus and ...
Division 41 — Material Processing and Handling Equipment. Division 42 — Process Heating, Cooling, and Drying Equipment. Division 43 — Process Gas and Liquid Handling, Purification and Storage Equipment. Division 44 — Pollution Control Equipment. Division 45 — Industry-Specific Manufacturing Equipment.
The creation of an estimate requires the inclusion of the cost of labor, overhead, profit, and equipment. The construction documents will also play a major role in estimating. Pre-construction services grew out of construction cost estimating to encompass the other activities in planning a project.
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] ". Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]
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