WSP PROJECT CONTROLS & TECHNOLOGY IN REAL-TIME

COST ESTIMATING “Cost estimating is both Art and Science." Cost estimation is essential for keeping a project on budget. Factors affecting cost can appear over the life cycle of a project, and an accurate estimation method is the difference between a successful plan and a failed one. WSP cost estimating is the application of technical expertise, along with real world experience. Our experienced cost estimators possess skills and knowledge of construction means and methods, current market conditions and awareness of potential constructability issues.

Our team of estimators can provide a wide range of estimating services, including:

→ Conceptual Project Estimates → Construction Bid Estimates → Cost Estimate Review → Value Engineering Cost Estimates

→ Quantity Take-offs → Life Cycle Costing

→ Change Order Evaluations → Material Escalation Analysis

INNOVATE

CREATE

NAVIGATE

Our team of estimators has decades of real world experience in the development of estimates. With most having been employed by contractors, this can help our clients understand how a contractor thinks. This diverse experiences reaches across major industries and types of projects and programs.

WSP utilizes several software based tools to help automate and standardize the cost estimating process, including: — Sage Construction Estimating — HCSS Heavy Bid Estimating — Bluebeam Quantity Takeoff — On Screen Quantity Takeoff — RS Means Online Estimating

According to the PWC PPM Survey 2014, the top three reasons for

project failure are: — 41% Change(s) in scope mid project — 39% Poor estimates in the planning phase — 30% Insufficient resources (PWC PPM Survey 2014)

CREATING ACCURACY Our estimators have a depth of experience to make sound judgments based on current market conditions, bid requirements and other project specific conditions, all while considering the scale of the project, volume and productivity. This team brings national and global experience of industry standard estimating practices that can be applied on small to mega-billion programs. They integrate with all aspects of project controls to ensure the estimate is aligned to the WBS, cost, schedule and risk. This integration allows for ease of

future reporting and monitoring of the estimates. Our estimators work closely with the client, engineering, and construction in the development of estimates. The estimates are provided to the Project Managers, Project Controls Managers, and Client to develop project budgets against which project performance and progress are reported.

View Cost Estimating Process

24 WSP PROJECT CONTROLS & TECHNOLOGY IN REAL-TIME