Avoidable Consequences of Low Estimates

When an organization seeks an estimate for a construction project, they want to make sure they are getting a fair and reasonable price for high quality work. But when an estimate comes in too low – when the project specifications are unattainable with the amount being delivered (be it on purpose or due to inexperience) – there can be serious ramifications for the organization and the construction project at hand.

By using accurate and up-to-date construction cost data when creating your project estimates you can position yourself to avoid these four dangers. This will eliminate the risk of cost overruns and help keep project budgets and timelines on track.

Want to improve accuracy in your estimates? Sign up for a free trial of RSMeans Data Online.