Avoidable Construction Estimating Mistakes

| July 9, 2019

article image
In the past three years, only 31 percent of all projects came within 10 percent of their budgets. To top it off, 78 percent of engineering and construction companies believe project risks are rising1. Suffice it to say, there is room for improvement. Here are five construction estimating mistakes you should be aware of and best practices to put in place to avoid becoming their next victim.

Spotlight

The Wooten Company

Looking back on our 80 years in business, it is humbling to see just how many friends we’ve made, some of whom have been standing by us for more than 60 years. They come from all types of business and we appreciate them as much as they appreciate us.

OTHER ARTICLES

On Engineering in Crisis: Strategizing and Finding Consistency

Article | April 16, 2020

Over the next few weeks, we invite you to join us for a short-form blog series on how SWE Members are navigating the world amidst COVID-19. In this third blog, we are pleased to feature Tuyet-Hanh Schnell from South New Jersey. Today, we are pleased to feature Tuyet-Hanh Schnell from South New Jersey. These blogs will showcase how different SWE members are engineering their lives during this fluid and ever-changing environment.

Read More
ENGINEERING TECH

Where we are now: reflecting on 5 years of State of the Nation

Article | April 16, 2020

The UK has undergone five years of unprecedented change while facing up to long-term challenges, such as reducing regional inequalities and mitigating the impact of climate change. Over that period, ICE’s annual State of the Nation reports have set out a range of policy interventions aimed at ensuring the UK has the high-performing infrastructure needed to meet those challenges. Each report has focused on major cross-cutting infrastructure issues, including devolution and reaching net-zero greenhouse gas emissions.

Read More

Feature engineering in machine learning

Article | April 16, 2020

Feature engineering is the process of extracting new variables by transforming raw data to improve the predictability of a machine learning model. But feature engineering is not just this kind of simple translation of categories like names or colors into numbers. The following section includes a collection of different kinds of engineering approaches that go beyond a translation of categories into numbers and address needs such as transforming numbers into categories or filtering data points due to missing or false data.

Read More

6 Construction Tech Trends in 2020

Article | April 16, 2020

Innovation is increasing as shown by advancements brought about by technology, according to an article in Reading Eagle. For example, drones and 3D printing are now more prevalent than before, and may be further embraced by the construction industry in 2020. The design-build approach, or Integrated Project Delivery, provides a means for clients to contract a sole entity to compose, plan, and construct a project. Streamlining the process results in faster project delivery timelines and lower costs.

Read More

Spotlight

The Wooten Company

Looking back on our 80 years in business, it is humbling to see just how many friends we’ve made, some of whom have been standing by us for more than 60 years. They come from all types of business and we appreciate them as much as they appreciate us.

Events