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Construction Project Management, 6th Edition by S. Keoki Sears, Glenn A. Sears, Richard H. Clough, Jerald L. Rounds, Robert O. Segner

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3 Project Estimating

3.1 Introduction

The topic of this chapter is estimating, with the primary focus on estimating applications that the project manager will be involved with. Many smaller companies have estimator/project managers that have the responsibility to estimate the cost of potential projects, and when a new project is brought in, the estimator becomes the project manager for that project, as well as estimating new potential projects. As companies become larger and more sophisticated, estimating becomes a specialty area within the company, and when new projects are acquired, the estimator hands the project off to a project manager and continues to focus on estimating new projects. In this case, the project manager will still be involved in estimating such things as change orders and claims, but the primary focus is to effectively manage the project at hand. The focus of this book is the project manager, rather than the estimator/project manager of smaller companies.

When a project manager is assigned to a recently acquired project, one of the first tasks is to become thoroughly familiar with the project, including the estimate. There will be a hand-off meeting between the estimator and the project manager, and from then on the project manager takes responsibility for the project, including the estimate. The project manager sets up the project cost system (see Chapter 11, “Project Cost System”) to document and track costs throughout the project. The project manager will ...

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