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ARIZONA DEPARTMENT OF TRANSPORTATIONConstruction Progress Estimates
CPE
User Guide August 2007
ADOPT
TH
206 S. 17 Avenue, Phoenix, ArizonaTable of Contents
Introduction
About this Guide.4
What CPE
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How to fill out construction progress estimates
01
Construction project managers or supervisors: Construction progress estimates are essential for project managers or supervisors to track the progress of a construction project. These estimates allow them to monitor the project timeline, identify potential delays, and make informed decisions to keep the project on track.
02
Contractors and subcontractors: Contractors and subcontractors involved in the construction project also require progress estimates to provide accurate updates on the work they have completed. These estimates help contractors assess their performance and demonstrate their progress to the project manager or owner.
03
Project owners or stakeholders: Construction progress estimates play a crucial role in keeping project owners or stakeholders informed about the construction project's status. These estimates enable them to have a clear understanding of the work completed, evaluate the project's progress, and make informed decisions regarding funding or changes to the project.
04
Financing institutions or lenders: When construction projects are financed through loans or other means, financing institutions or lenders often require construction progress estimates. These estimates serve as evidence of the project's progress and help lenders assess the project's viability and determine the release of funds at various stages.
05
Insurance companies: Construction progress estimates are also significant for insurance purposes. Insurance companies may request these estimates to verify the progress of the construction project and ensure that it aligns with the policy coverage. These estimates help insurance providers accurately assess potential risks and coverage requirements.
06
Regulatory authorities and inspectors: Construction progress estimates play a role in ensuring compliance with building codes and regulations. Regulatory authorities and inspectors may use these estimates to monitor the construction project's progress, review documentation, and ensure that the project is progressing in accordance with the approved plans and regulations.
In summary, construction progress estimates are essential for project managers, contractors, project owners, financing institutions, insurance providers, regulatory authorities, and inspectors. These estimates help various stakeholders track the progress of a construction project, make informed decisions, evaluate performance, and ensure compliance with regulations.
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What is construction progress estimates?
Construction progress estimates are estimates made by builders and developers to track the progress of construction projects and ensure they are meeting their deadlines.
Who is required to file construction progress estimates?
Builders and developers are required to file construction progress estimates.
How to fill out construction progress estimates?
Construction progress estimates can be filled out by providing detailed information about the progress of the construction project, including costs, timelines, and milestones.
What is the purpose of construction progress estimates?
The purpose of construction progress estimates is to track the progress of construction projects, ensure they are on schedule, and make adjustments as needed to meet deadlines.
What information must be reported on construction progress estimates?
Construction progress estimates must report costs, timelines, milestones, and any changes or delays in the construction project.
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