Estimating and Budget Development

Estimating & Budget Development Homework Assignment 2: Conceptual Estimate, Cost Breakdown Goal: Apply estimating principles to develop a reasonable construction cost estimate and identify cost drivers. Project Deliverables (2-4 pages + attachments): Conceptual Estimate (ROM Budget) Choose a method: SF estimate, unit cost, or assembly-level Show calculations and source(s) for unit costs, i.e., RS Means, Google Cost Breakdown Structure (CBS) Organized by CSI Divisions or assemblies Cost Drivers & Value Alternatives Identify the top 5 cost drivers Propose 3 value engineering options Contingency & Allowances Plan Justify contingency percentage (design stage, risk level) Cost Summary Table Total hard costs and soft cost estimate (if appropriate) Submission Format: PDF narrative and Excel/Google Sheet estimate spreadsheet see file attached for reference