What Happens When Your Cost Estimator and Your Project Manager are on the Same Team?

What does it mean when your real estate project manager and your construction cost estimator are under the same roof? Firstly, it means that your project is already in great hands. Doing the necessary due-diligence before a construction project begins helps to avoid so many mistakes by uncovering potential pitfalls. Secondly, it means that you can have an added level of confidence in knowing that your project manager and your estimator are literally working for the same team.  Here are three benefits of having your construction cost estimator and your project manager on the same team:

 

  • Continuous communication between the client, estimator and project team leads to greater understanding for all. The more communication between these three parties, the stronger your team will be. The estimator needs to have an awareness of the client’s goals and vision, in addition to the targeted budget. The project manager can facilitate this level of understanding so that estimators can foresee changes, problems and solutions on a proactive basis.

 

  • No “pass off” period. The pass off period can lead to a lot of issues and loss of communication. With your cost estimator and project manager on the same team, you eliminate that transition period. More than that, your estimator is engaged as long as your project management team, which is often through project close out. As questions arise, your estimator is still engaged and easily accessible.

 

  • Honoring the client first mentality. Estimating is both an art and a science. Estimators who truly understand the vision of the project and the client’s goals can provide the most accurate estimates. Therefore, the estimator should have a holistic understanding of the project. That way, the estimate answers more than specifications. It looks at the project as a whole and summarizes what it will cost to build the entire thing.

 

 

Watchdog Real Estate Announces the Hiring of Catherine Duffy

Katie Craven
Katie Craven is Marketing, Communication and Brand Manager at Watchdog Real Estate Project Managers, a real-estate consulting firm that provides owner’s representation and project management services. More about Watchdog Real Estate Project Managers as well as additional blog posts can be found here.
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