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Construction Estimating and Cost Control

PCM utilizes On-Screen Takeoff and digitizers to perform quantity takeoffs quickly and accurately. Databases are compiled and managed from sub-contractors and vendors in local markets for accurate pricing of projects. Estimates are completed in Excel with our own template, the clients format, or as required by a state agency, such as the NJ SDA format. See below for sample estimates!

Examples of Recent Projects

In 2011 alone PCM will have estimated almost $1 Billion dollars of construction. Recent examples include:

 

  • Phillipsburg High School, NJ- $90M, 380,000 sf new school, all divisions for design team
  • Potomac Job Corp Center-Wash DC, $7M – 33,000 sf Design/Build facility for GC
  • Warren Co. Historic Courthouse, NJ - $4M – 18,000 sf historic restoration, hard bid for GC
  • Vehicle Maintenance Building, PA - $7M, 25,000 sf facility, hard bid for GC
  • Procedure and Recovery Rms, NYC - $4M, 16,000 sf VA renovation for GC
     

Conceptual Estimates

Accurate budgetary controls in any project begin with a conceptual construction estimate developed with a full understanding of the scope of the project. PCM insists on investing the time at the start of the project to develop a conceptual estimate that fully reflects the clients visualization of the final product.

Estimating construction costs at this time requires interviews of and input from the owners representative, the design consultants, the local building or zoning department, state and federal regulatory agencies and the end user.

Progress & 100% Contract Document Estimates

When the design is complete a complete quantity survey is produced and priced with PCM's database of recent historical costs. In addition subcontractor quotes for all major trades are solicited to ensure the accuracy of the final estimate.

PCM enjoys a limitless pre-qualification level in construction cost estimating. Successful cost and control and budgetary monitoring has always been one of our major strengths. Accurate estimating packages have recently been prepared for the Metropolitan Transit Authority project, Fulton Street Shuttle a 50 million dollar bridge, tunnel and railroad station job as well as a project similar in scope for the New Jersey Transit, the Branch Brook Park Rehabilitation.

Hard Bid Estimates

PCM provides accurate quantity takeoff, pricing and subcontractor solicitation for General Contractors throughout the Eastern regions of the US. For many of our clients we are the sole source of their estimating capability. The fact that we have so many clients and that many of them have been with us from the inception of our firm is a testament to the level of service we provide and the level of confidence we enjoy.

Parametric Estimating

Saint Barnabas Health Care System (SBHCS) a state wide 10-hospital system and the largest healthcare provider in the State of New Jersey has relied exclusively on PCM for the past five years to provide risk analysis as well as prepare factored and parametric estimates for all the capital projects it contemplates. PCM has been working with them since 2001.

Parametric estimates, an estimating technique that uses a statistical relationship between historical data and other data based on a default model of a project, were recently prepared for a pharmacy program the SBHCS was considering. Based on a pharmacy already constructed in Hartford, Connecticut, PCM was challenged to estimate the cost of construction of a pharmacy in Bethlehem, Pennsylvania. The proposed pharmacy was larger in size and included additional features such as security and technology upgrades. The proposed pharmacy also made use of existing AHU’s and called for additional plumbing. In addition, existing market and local labor market conditions were factored in. Without a design PCM estimated the cost of construction to within 5% of the final construction cost based on completed documents.
 

Job Order Contracting (JOC)

Attention to detail and understanding “the book” in order to build a JOC estimate is crucial in maximizing our GC’s profits. Whether the detail is taken from a private database or RS Means Costworks, requires a full understanding of how to add all the required components necessary to assemble a complete estimate.