- What is a preliminary cost estimate?
- An estimate of what a project is likely to cost to build, prepared from the drawings before tender. A BuilderHQ estimate gives Low, Most Likely and High totals including GST, a breakdown by trade, and the allowances, provisional sums and exclusions behind the figures.
- Is a cost estimate the same as a builder's quote?
- No. An estimate is prepared before tender to set and test a budget. A builder's quote or tender is a price to carry out the work under a contract.
- What does a cost optimisation report do?
- It sets out options that could bring a project back to its budget, each with an estimated saving range and its trade-off, and a recommendation. It does not redesign the project. The design team and the owner decide which options to adopt.
- What does a construction programme include?
- Each stage of the build from site start to handover, with start and finish dates in working days. It allows for public holidays, the Christmas shutdown and weather, and holds a reserve for delays that cannot be forecast. A programme is a plan, not a guaranteed completion date.
- What is a scope of works for a contractor?
- A document that sets out the work in one trade package, measured from the drawings: the quantities, materials and order of work, with the assumptions and the items to confirm on site.
- Who prepares BuilderHQ reports?
- BuilderHQ's team prepares each report from the project's drawings.
- Is a BuilderHQ report a quantity surveyor's cost plan?
- No. None of the reports is a quantity surveyor's cost plan, and none is a quote or a tender.
