Industry Insight
As a project is proposed and then developed, the estimate preparation and information will change based on the needs of the Owner/Client/Designer. These changes will require estimates to be prepared at different levels during the design process with increasing degrees of information provided. It should also be noted that within each level of estimate preparation, not all portions of the design would be at the same level of completeness. For example, the architectural design may be at 80% complete while the mechanical design is only 50% complete. This is common through the design process, but should always be noted in the estimate narrative.
