Get the free FINAL ESTIMATE REVIEW SUMMARY

Michigan Department Of Transportation 1147 (01/12) CONTROL SECTION Page 1 of 2 FILE 200 FINAL ESTIMATE REVIEW SUMMARY DISTRIBUTION: Original Construction/Project Engineer/File Copy Region Construction

How to fill out final estimate review summary

How to fill out final estimate review summary:

1. Enter the project details: Start by filling in the necessary project information, such as the project name, client name, project start and end dates, and any relevant reference numbers or identifiers.
2. Review project scope: Summarize the scope of the project in a few sentences. Include details about the objectives, deliverables, and any specific requirements or constraints that were outlined in the initial estimate.
3. Assess project progress: Evaluate the progress made on the project by comparing the completed tasks or milestones against the estimated timeline. Indicate any areas where the project might be ahead or behind schedule.
4. Review budget and expenses: Provide a summary of the estimated and actual costs associated with the project. Highlight any significant deviations from the initial estimate and provide explanations for any cost overruns or savings.
5. Analyze project risks and issues: Identify any risks or issues that have arisen during the project and describe the steps taken to mitigate or address them. Evaluate the impact of these risks and issues on the project timeline and budget.
6. Include client feedback: Incorporate any feedback or input received from the client during the project. This could include feedback on deliverables, changes in requirements, or any other relevant comments.
7. Provide recommendations: Based on the analysis of project progress, budget, risks, and client feedback, provide recommendations for moving forward. These recommendations may include adjustments to the project timeline, budget, or scope.

Who needs final estimate review summary?

1. Project managers: Final estimate review summaries are essential for project managers to assess the overall project performance, identify areas of improvement, and make informed decisions for future projects.
2. Clients: Clients benefit from final estimate review summaries as they provide transparency and accountability regarding the project's progress, budget, and adherence to the initial estimate. It allows them to understand the project's status and make informed decisions.
3. Stakeholders: Stakeholders involved in the project, such as team members, vendors, or investors, may require the final estimate review summary to keep track of project performance and contribute to decision-making processes.

Overall, the final estimate review summary serves as a comprehensive document that encapsulates the project's progress, budget, risks, and recommendations. It is a valuable tool for project management and ensures effective communication among all parties involved.

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What is final estimate review summary?

The final estimate review summary is a document that summarizes the final cost estimate of a project or work to be completed.

Who is required to file final estimate review summary?

Contractors and project managers are required to file the final estimate review summary.

How to fill out final estimate review summary?

The final estimate review summary is typically filled out by detailing the final cost estimate, any changes made during the project, and any additional notes or comments.

What is the purpose of final estimate review summary?

The purpose of the final estimate review summary is to provide a detailed summary of the final cost estimate of a project for record-keeping and analysis purposes.

What information must be reported on final estimate review summary?

Information such as final cost estimate, any changes made during the project, reasons for changes, and any other relevant details must be reported on the final estimate review summary.