What is the Preliminary Cost Estimate And How It Helps?

A conceptual estimate is the same as the preliminary estimate is used to generate the project cost estimate to analyze the Social and economic feasibility of the construction project before the complete development of detailed drawing plans project. It helps contractors, investors, developers, home builders, and owners of houses in making decisions for bidding.

we also provide preliminary cost estimates are carried out at the beginning of the project before the actual design and construction So, we have a professional team for this takeoff that’s why they are mainly based on historical data of the projects adjusted to the time, size, location and prepared using engineering concepts of construction Estimate.

There are different types of preliminary cost estimates that are employed at various stages in the lifecycle of the construction project. The precision and accuracy of these cost estimates depending on the extent of the information provided by the client.