Owners Perspective During Preconstruction Essay Example | Topics and Well Written Essays - 500 words

Owners Perspective During Preconstruction - Essay Example guidance of the architect/ during this phase maximizes the value added to the project such as, energy efficiency, space used, design, structural integrity, mechanical systems and market value. Construction project cost is a main worry for the owner, yet usually the estimating is carried out in too general a manner like sq. ft. costs or very late in design development phase. The benefits that the estimating process brings are likely to be missed if the estimator comes in at the last part of the design phase to execute an Engineers Estimate. These benefits consist of project feasibility, budget development, scope definition, realistic input to the VE as well as VA process, documents’ quality control, input to the designers as well as owners decision making course, format of the bid, clarity of scope, and projects’ bid-ability. The usual project usually overruns its cost estimation. Overruns are frequent on governmental as well as commercial projects, even when changes are considered. The reason this occurs is because estimating traditionally does not take into account the threat that the work will in point of fact cost less or more than offered by the most proficient estimate. In order to settle on a more suitable contingency, use of a quantitative risk assessment is encouraged. Nevertheless, risk assessment has been mainly ignored for larger projects as a part of the approximating process in addition to the development of the budget. Risk assessment is currently getting more popular; it is being talked and considered a lot more than it was in the past. Major projects, mainly those in the Design-Build or some using an optional delivery technique, the teams involved in design, building, and project controls work jointly developing the design, approximations, budgets, as well as schedules in juxtaposition with each other or concomitantly (Demkin 569). Incorporated cost along with plan risk assessments can thrive in this setting. Nevertheless, in spite of the