When we work on projects that deal with new processes or new technologies, we often find ourselves moving through territory where no one has gone before. Still, our customers, our partners, and our managers want us to provide reliable estimation that we can commit to. This is the basic challenge that project teams in innovative companies must deal with today.
The main challenge an estimator facing is the changing circumstances. The innovative and new techniques applied by the modern day engineers come frequently. Sometimes the innovative procedures change the total system of construction. This change varies greatly on the time estimation of the project.
New products are introduced regularly in the market. To get unique look of the construction the building owners sometime opt for new products. Some products have more potentiality than the usual previous products. May be the durability, quality and functions vary from the old product. Naturally the contractors want to avail the product to get the best possible result. This type of new products makes a huge difference in the production cost of the construction. The estimated cost in the building budget may not be the same after execution. So the estimator has to be very careful to overview such matter.
Apart from that there must be some uncertain circumstances during the construction period which can affect the estimating procedure. Various types of social issues like inflation, mass crisis of the materials, natural disaster make a deep impact of the estimating process. The cost and time estimating hamper much for all these types of challenges.
It is a sign of good estimator who can foresee the inevitable factors during the construction period and make a estimating according to this. Estimating lesser or more than the actual cost is a failure the estimator. That’s why the challenges of estimating are vital important to a successful estimator.
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