How Accurate Estimating Made a Difference in a $30MM+ Project
Concrete estimation isn’t just about numbers—it’s about precision, timing, and building trust. Recently, we had the opportunity to work on the Burlington Post II, a $30MM+ new construction, mid-rise, affordable housing community in St. Petersburg, Florida. The complexity of the project demanded accuracy and clear communication from the start.
The Challenge:
The project presented some unique hurdles:
- Complex Structures: From foundations to elevated slabs and retaining walls, every detail required precise estimation.
- Time Pressure: The client needed a quick turnaround to stay competitive in the bidding process.
- Budget Concerns: With fluctuating material costs, controlling the budget without compromising the quality was essential.
Our Approach:
We knew this project needed more than just a standard estimate. It required careful planning, clear communication, and a focus on both the big picture and the finer details.
- Accurate, Detailed Takeoffs: Every cubic yard of concrete and a ton of rebar was accounted for. By breaking down the various elements—pad footings, slabs, and more—we ensured nothing was left to chance.
- Visual Clarity: We provided color-coded marked plans that made it easy for the client to visualize the scope of work. This approach improved collaboration and transparency across the entire team.
- Contingency Planning: We incorporated room for material cost fluctuations, so the client had a buffer for potential changes without risking the overall budget.
The Results:
Precision: Our estimate was within 2% of the final costs, giving the client the confidence they needed to move forward.
- Timely Delivery: Despite the tight schedule, we delivered ahead of time, allowing the client to submit their bid without delays.
- Streamlined Communication: The color-coded plans made it easier to communicate across the teams, leading to fewer miscommunications and smoother coordination. Even GC were briefed using those marked plans.
What This Taught Us:
Every project has its own set of challenges. For us, it’s not just about delivering an estimate—it’s about ensuring that our clients have the clarity they need to make informed decisions. When the estimate is right, everything else falls into place: timelines, budgets, and trust.
Have you ever faced challenges with estimating in complex projects? How do you manage those uncertainties?
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