Define the estimate purpose

Write the decision the estimate supports. State date, location, type, size, and delivery basis.

Name the intended audience and approver. For conceptual construction estimate checklist, use this related guide as context while keeping the current project documents in control.

Document available design

Inventory documents actually received. Separate confirmed program from assumptions. Record systems and site conditions still undecided.

Choose suitable methods

Choose area, unit, assembly, or analogous methods by scope. Cite date and adjustment basis for benchmarks.

Avoid line-item detail unsupported by design. When reviewing conceptual construction estimate checklist, consult AACE International for cost-engineering context, then apply it through the contractor’s own standards.

Review fields for conceptual construction estimate checklist
FieldRecordDecision check
Decision purposeRecord the decision purpose used for conceptual construction estimate checklist.Confirm the entry against its cited source and assigned reviewer.
Available inputRecord the available input used for conceptual construction estimate checklist.Confirm the entry against its cited source and assigned reviewer.
Estimate methodRecord the estimate method used for conceptual construction estimate checklist.Confirm the entry against its cited source and assigned reviewer.
Named uncertaintyRecord the named uncertainty used for conceptual construction estimate checklist.Confirm the entry against its cited source and assigned reviewer.
Next validationRecord the next validation used for conceptual construction estimate checklist.Confirm the entry against its cited source and assigned reviewer.

Expose uncertainty

List exclusions in plain language. Use allowances only for named unresolved scope. Describe uncertainty by its source.

Plan the next update

Check that each major system appears once. Cross-check with a second reasonable method.

Set the documents required for the next update. For recurring conceptual construction estimate checklist records, an estimating support role can maintain inputs while final approval stays with the contractor.

Frequently asked questions

What makes an estimate conceptual?

It is prepared before design supports a complete measured estimate.

Should it contain detail?

Use enough detail to show scope and method without inventing unsupported quantities.

How is uncertainty presented?

Name its source and affected scope using only an approved evaluation method.

When is it updated?

Update when design, site, schedule, quantities, or price inputs change the decision.

Preconstruction & EstimatingConstruction EstimatingCost Support