Another great question from a 4Clicker – “What’s the difference between construction cost estimating, and construction cost engineering”?
“Construction Cost Estimating” is the process/service of determining the future cost of a construction project/program for a new building, or the repair, maintenance, renovation, or renewal of an existing building ( or other physical infrastructure asset – dam, roadway, bridge…) computed on the basis of available information . The use of a reference construction cost databases (for example, RSMeans, combined with local knowledge is typically considered “best practice”.
“Construction Cost Engineering” is the process/services of creating cost data (for example, reference costs, cost databases and/or costing algorithms) for the purpose of for construction, repair, maintenance, or capital planning purposes. Cost engineering is an area of engineering practice concerned with the “application of scientific principles and techniques to problems of cost estimating, cost control, business planning and management science, profitability analysis, project management, and planning and scheduling.
e4Clicks Project Estimator let’s estimators be estimators, not cost engineers.