Skip to main content

Improving the Accuracy of Early Cost Estimates for Federal Construction Projects (1990) / Chapter Skim
Currently Skimming:

Suggestions for Improving the Early Estimating Procedures for Federal Agencies
Pages 19-22

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 19...
... Federal agencies are in a unique position to interchange information to their mutual benefit; however, indications are it is an underused opportunity. The committee believes that there are four areas in particular in which agencies could benefit from greater cooperative action: standardization of tenninology, standardization of estimate formats, joint research efforts, and pooling of cost data.
Read the entire page →
From page 20...
... While it is possible that the idea of pooling cost data on facilities constructed by many different agencies might prove impractical for administrative or organizational reasons, the committee believes that the idea should at least be explored. THE IMPORTANCE OF A-E ESTIMATORS In recent years federal agencies have come to rely on the private sector for most activities related to design of federal facilities, including He preparation of estimates.
Read the entire page →
From page 21...
... The committee believes that pararne~ic estimating is sufficiently promising that 21 all agencies should consider using the technique more extensively. USE OF PROBABILISTIC ESTIMATING Periodically over the past 15 years it has been suggested that agencies could benefit from greater use of probabilistic estimating techniques such as range estimating (see Consulting Committee on Cost Engineering, 1983~.
Read the entire page →

Key Terms

  • parametric estimating
  • probabilistic estimates
  • joint research
  • estimating techniques
  • cost estimates

  • veterans administration
  • cost engineering
  • proposed facility
  • traditional estimates
  • hospitals constructed

  • interagency cooperation
  • preceding chapter
  • probabilistic estimating
  • council meetings
  • agencies discuss

  • activities related
  • elemental method
  • independent consultants
  • federal construction
  • accurately reflect

  • view hat
  • seldom shared
  • construction cost
  • care facilities
  • unique position

  • committee suggests
  • agencies except
  • agencies consider
  • situation win
  • consider using


    • This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
    More information on Chapter Skim is available.