by Gaurav Mehrotra | Feb 2, 2021 | Estimating, News, Podcast
Executive Summary When an owner determines the method of award is that the low bid wins, they shouldn’t expect contingency in a contractor’s bid. Here’s what they should expect. What is Contingency? If you go to google.com and type in “definition of contingency” you...
by Gaurav Mehrotra | Sep 11, 2020 | Estimating, News, SJCC
Executive Summary There are differences in an hour: a manhour, a crewhour, a 50-minute hour. And an hour’s not a day, so there is another calculation for a manday. Here is a quick explanation of these estimating terms. Definitions There are several ways to estimate...
by Gaurav Mehrotra | Jul 24, 2020 | Cost Controls, News, Podcast
Executive summary. Field overhead carries different names with different contractors and owners. Discussed here is what field overhead is, and why it’s important for owners to understand. Project estimation. When a construction project is estimated, a good estimate...
by Gaurav Mehrotra | May 22, 2020 | Estimating
Executive summary. Construction estimating isn’t wholly about the numbers. It involves a “feel” in its execution. This is why many say estimating is an art and a science. What is estimating? An estimate is just that. An estimate. Not an exactimate. Getting low on bid...
by Gaurav Mehrotra | Feb 13, 2020 | Estimating
Executive summary. Whether bidding a job together in one shared document, or running comparison estimates, the setup in a joint venture effort is critical to success. Consider establishing the following before starting your estimating effort. And, be consistent. Be...
