Preliminary Estimate Services
Early-stage construction cost estimation to guide your project feasibility and budgeting with confidence.
What is a Preliminary Estimate?
A Preliminary Estimate is an initial, conceptual cost approximation prepared during the early phases of a construction project. It provides stakeholders with a rough idea of the potential financial requirements, often when detailed plans or specifications are not yet available.
This estimate helps in evaluating project feasibility, setting budgets, and guiding decision-making before investing in detailed design or procurement activities.
Common methods used include analogous estimating (based on similar past projects), parametric estimating (using statistical data and variables), and unit cost estimating.
Why is the Preliminary Estimate Important?
Preliminary Estimates serve as the financial foundation of any successful construction project by:
- Helping owners and developers assess project viability early.
- Facilitating budget approval and funding allocation.
- Identifying major cost drivers and potential risks.
- Enabling informed decision-making before committing to detailed design.
- Supporting transparent communication with stakeholders and investors.
Preliminary Estimate vs. Detailed Estimate
| Aspect | Preliminary Estimate | Detailed Estimate |
|---|---|---|
| Development Stage | Early project phase | Late design phase |
| Data Availability | Limited; conceptual data | Complete; detailed drawings and specs |
| Accuracy | ±15% to ±30% | ±3% to ±10% |
| Purpose | Feasibility & budget planning | Final bid and procurement |
Our Preliminary Estimating Services
Conceptual Cost Estimates
Early-stage cost approximations based on project scope and limited design data.
Feasibility & Budget Support
Helping you secure budgets and funding by delivering reliable initial cost insights.
Risk Identification
Highlighting major cost risks and areas requiring detailed study as project develops.
Collaborative Approach
Working closely with your team to refine estimates as more information becomes available.