Construction cost estimation

Construction cost estimation is the process of predicting the total expenses required to complete a building or renovation project. This includes materials, labor, equipment, permits, and overhead costs. Estimators analyze project plans, market prices, and historical data to provide a detailed budget. Accurate estimations help clients plan finances, secure funding, and avoid surprises during construction. By understanding these costs upfront, stakeholders can make informed decisions and ensure that the project stays within budget and on schedule.