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Meeting Date:September 10, 2024To:Public Works CommissionThrough:Carla Short, Public Works Director Ron Alameida, Deputy Director & City ArchitectFrom:Olivia Lee, Contract ManagerSubject:AsNeeded
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How to fill out as-needed cost estimating services

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How to fill out as-needed cost estimating services

01
Identify the project scope and specific cost estimating needs.
02
Gather relevant data and documentation such as drawings, specifications, and historical cost data.
03
Choose the appropriate cost estimating method (e.g., top-down, bottom-up, parametric).
04
Input the data into a cost estimating software or spreadsheet.
05
Break down the project into manageable components and assign costs to each component.
06
Review and validate the estimated costs with stakeholders and adjust as necessary.
07
Prepare a final cost estimate report with detailed explanations and assumptions.

Who needs as-needed cost estimating services?

01
Construction companies looking for project cost evaluations.
02
Project managers needing budget estimates for planning.
03
Architects and engineers who require cost estimates during the design phase.
04
Homeowners seeking renovation or remodeling cost assessments.
05
Investors needing financial forecasts for potential projects.
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As-needed cost estimating services refer to the provision of cost estimation and financial analysis as required, rather than on a fixed schedule. These services are utilized when specific projects or tasks arise that need financial assessment.
Typically, individuals or organizations involved in projects requiring budget forecasting, such as contractors, project managers, or companies seeking funding for new initiatives, are required to file as-needed cost estimating services.
Filling out as-needed cost estimating services involves compiling relevant project details, including scope, budget specifications, and financial assumptions. It should also involve outlining estimated costs for labor, materials, and overheads related to the project.
The purpose of as-needed cost estimating services is to provide accurate financial projections that aid in budgeting, decision-making, and resource allocation for specific projects or tasks when they arise.
Information that must be reported includes the project description, estimated costs, breakdown of expenses (material, labor, overhead), and any assumptions or contingencies that affect the cost estimates.
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