Feasibility Studies and
Estimating

During the initial planning stages of a project, studies need to be made that verify assumptions and identify potential risks. Budget estimates can be prepared early to determine approximate costs. Later, as the design progresses, more defined estimates can be developed. Owners should have a clear picture of expected costs before soliciting proposals from Architects, Engineers and Contractors. Having a thorough understanding of the project and its estimated costs are invaluable when negotiating final agreements with Architects, Engineers and Contractors.