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A new trend in major construction projects is to utilize the Construction Manager (CM) method of project delivery. Simultaneously with this trend, independent cost estimating consultants are often called on to develop an independent cost estimate concurrently prepared with, and theoretically in alignment with, the CM's estimate. This is conveniently referred to as the "Parallel Estimate."
This usually begins in the early stages of the design process, with the independent cost estimator, acting as a consultant, providing a detailed breakdown for each CSI Division based on the limited design criteria from the design architect.
In estimating construction, the tendency of the CM is often to revert back to their general contracting ways of negotiating projects - consisting of lump sum preliminary sub-bids prepared by subcontractors and inserted into the CM's breakdown. When this does occur, the independent cost estimator is prepared to provide the owner and architect an instrument that will -...