10 Ways to Earn More Money as a Cost Consultant

When you’re a cost consultant in the building construction industry, you already have a lot on your plate. However, there is no harm in wanting to earn more. Due to increasing competition, most cost consultants are unable to increase their wealth. However, with a proper understanding of some suitable measures to earn income, you can […]

CAPEX Development – Data Sourcing Strategy

We are living in a world where the top expectation is how to get more for less. Companies in the design and construction business find it difficult to position themselves in the market if they do not stay competitive. Yes, the unique value proposition is a valid marketing approach. But, how do we deliver on […]

Capital Cost Estimating – Types and Methods

Working as a cost consultant, I get lots of questions from my clients about how to define the types of cost estimates, the methodologies used for estimating and where to find applicable guides. I thought I would write a blog post to share some quick knowledge. To helps us understand how we decide what method(s) […]

How to Establish the Work Breakdown Structure (WBS)

At the core of each cost estimate is the work breakdown structure (WBS). I consider the WBS to be the centerpiece of cost estimating. Wikipedia defines WBS as “a hierarchical and incremental decomposition of the project into phases, deliverables, and work packages”. For the cost estimator, WBS is the tool used to gather the full […]

Construction Cost Estimating – Composite Crew Rate

Firstly, let’s define the need to use composite crew rates. If you are using a cost estimating software, you do not need to determine a crew composite rate, the software does it for you. But, you still need to set-up your crew(s) for your construction activities. Setting up the correct crews for your construction activities, […]