Answered: Why is Historical Data important…

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter2: The Bid Process And Preliminary Procedures

Section: Chapter Questions

Problem 6RQ

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Similar questions

Prepare a typical bay estimate based on the following information: a. Bay size of 350 feet and a building perimeter of 1,100 feet. b. There are 50 bays in the building. c. Unit prices: • Concrete piles: $950.00 each • Concrete pile caps: $725.00 each • Slab-on-grade: $12.50 per sq. ft. • Structural steel frame: $4.90 per sq. ft. • Roof structure: $10.75 per sq. ft. • Roofing: $8.20 per sq. ft. • Plumbing & HVAC: $9.80 per sq. ft. • Electrical: $6.10 per sq. ft. • Exterior foundations: $100.00 per linear ft. • Exterior walls: 728.00 per linear ft.
The cost of transportation of materials has to be allowed for in the estimate, but this item is not usually measured or even referenced in the takeoff. List six other similar items.
What is the latest projection of the U.S. Census Bureau for the world population?

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Why is Historical Data important compared to other sourses of information when estimating construction projects?