There Were Three Engineers Sitting And Talking To Each Other One Day

Category: Finance.

There used to be an anecdote doing the rounds in the construction industry about the various types of engineering.

There were three engineers sitting and talking to each other one day. The story went along the lines as follows. An electrical engineer, an aeronautical engineer and a civil engineer. We just try to make sure that we can match things up to each other as close as we can! " Now it doubtful as to the exact accuracy of the story but one of the things it does go to illustrate is the need within the construction industry to get estimates as accurate as possible and to allow your self as much flexibility as possible. The electrical engineer stands up and says" my type of engineering has to be very precise because in our type of business if the connections don' t match up completely and electricity can' t flow nothing will work and so we have to make sure things to match up exactly. " The aeronautical engineer stands up and says" my type of engineering has to be very precise because if the aeroplanes aren' t designed properly and cockpits accurately sealed then at 30, pilots will collapse, 000 feet planes will crash and so we have to make sure things to match up exactly. " The civil engineer stands up and looks at the other two and says" in my business we build large buildings and major projects. A construction cost estimator knows that there are a lot of expenses that need to be tracked when estimating a job. They feel that their experience in estimating out weighs the convenience of the new software programs.

Many people who have been in the industry for a long time have always relied on pen, paper and a calculator to estimate a job. However, what they do not realize is that using this software can save them a lot of time and headaches. Both the seen and unseen cost can delay a project if they are not calculated correctly. There are a lot of costs that have to be considered when estimating a job. Land acquisition, as well as assembly, holding and improvement are just a few of the things that need to be taken into consideration. Capital costs for a construction project are just a few of the costs that need to be considered.

Others include Planning and feasibility studies of the structure. You will also need to take into consideration the financial fees, which include filing fees and architectural and engineering design. When you have these numbers, you can then go on to add the construction cost, insurance, labour and materials, taxes equipment and all of the other factors that will make up your bid or proposal. These factors need to be taken into consideration before you can estimate any other part of the project. You have to take into consideration that maintenance costs will be a big part of your expenses. This includes the operating staff, periodic renovations, land rent, labour and material for maintenance and repairs, financing costs, insurance and taxes, utilities. It is critical that you account for all maintenance costs in your estimate.

There will be other expenses that you will need to deal with as they pop up, with the estimating, however software. It will not be a problem.