Florida Construction Management Services

Florida Construction Management – Cost Estimates

In our earlier article on the Bill of Quantities, we itemized several areas of use for the subject document; all of which we believe to be of critical importance to the developer, owner or contractor. We now wish to expand on how the related Estimate of Cost could be employed in determining when or whether to build.

The quantity surveyor’s respective pricing based on current and future costs would form the initial basis of determining when or whether it is feasible to build. The primary driving forces for development include location, zoning, demand and reasonable financial return on investment. The current economic climate dictates that even the developer with very deep pockets, strictly temper his or her enthusiasm by applying all the principles of Time Value of Money.

The priced Bill of Quantities may be used for establishing Estimates of Cost for respective elements of the proposed development, thereby allowing for phased construction at a predetermined price acceptable to the authorities having jurisdiction over the work. The developer would prefer to earn early and reasonable return on investment, whereas a city, town or village would rather increase tax base by improving an empty lot with a structure; both goals could provide for a favorable compromise to a particularly unique investor.

Here are some of the relevant benefits to be derived from having or being able to obtain an Cost Estimate:

When: By establishing a time and period for construction, commitment to price for delivery and installation at a future date could be obtained now.

Whether: Response to requests for estimates of cost may help a developer or owner in determining whether they wish to proceed with a project due to cost constraints.

Phasing: If acceptable to the Authorities Having Jurisdiction (“AHJ”), the developer or owner would be able to schedule the work to match their cash flow, which should be based on agreed estimates of cost for construction at a predetermined date. Phasing should be negotiated to initially provide the structural frame including stairs and conveying systems core, waterproof skin and exterior finishes of the building. Subsequent installation of slab-on-grade; water; sewer; fire sprinkler; heating, ventilating and air-conditioning; electrical and interior finishes could be based on tenant occupancy and as required by the AHJ.

Basis for Change: The Cost Estimate should be the basis for all changes.

If you would like us to help with your Cost Estimates or need Florida Construction Management Services, please complete the form below and a professional will contact you to discuss your specific needs:

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We provide Construction Cost Estimating Services and Florida Construction Management Services in the entire state of Florida including the following large Florida counties: Seminole County, Broward County, Sarasota County, Manatee County, Marion County, Polk County, Leon County, Brevard County, Duval County, Escambia County, Palm Beach County, Hillsborough County, Collier County, Pinellas County, Lee County, Alachua County, Orange County, Volusia County, Miami-Dade County, Pasco County and others.

We offer Florida Construction Management Services and Construction Cost Estimates services all over Florida including the following metro areas: Tampa, St. Petersburg, Titusville, Jacksonville, Cape Coral, Pensacola, Punta Gorda, Ft. Walton Beach, Naples, Winter Haven, Palm Bay, Fort Lauderdale, Daytona Beach, Ocala, West Palm Beach/Boca Raton, Miami, Orlando, Gainesville, Sarasota / Bradenton, Melbourne, Lakeland, Clearwater, Fort Pierce/Port St. Lucie, Fort Myers, Tallahassee, Panama City and surrounding areas.