This document has three major chapters:
1 general requirements and principles
This chapter presents the general estimating practices and standards required for all estimating
services. It covers qualifications of estimators and estimating firms, principles of effective cost
management, different types and formats of estimates, approaches to estimating, and the
various cost-estimating and management tools available.
2 prospectus project requirements
This chapter defines the estimating service required for prospectus projects, including
deliverables in the context of planning, design, and construction stages.
3 delivery methods and deliverables
This chapter explains when the deliverables defined in Chapter 2 must be provided for the
following four delivery methods:
Construction Manager as Constructor (CMc)
Table 3 in this chapter shows the cost-estimating tasking requirements for the delivery methods
by size and type of project.
project estimating requirements P-120