explore our Blog
News, Events & Industry Insights
Stay updated with our expert insights on cost estimating technology, industry trends, and corporate events shaping project management across various sectors.
Blog Posts
Construction Cost Estimating Software Survey 2001
In order to assist construction cost estimators to select a readily available software system an in-depth survey was conducted by the University of Texas at Austin, Civil Engineering Department, during the spring of 2001.
Application of BIM and GIS in Class 1-5 Cost Estimates
Building Information Modeling (BIM) and Geographic Information Systems (GIS), based on open standards, transform the way the cost engineering industry works and will work in the future.
Cost Estimate Classification System - As Applied in Engineering, Procurement, and Construction for the Nuclear Power Industries
As a recommended practice (RP) of AACE International, the Cost Estimate Classification System provides guidelines for applying the general principles of estimate classification to nuclear new build and modification project cost estimates (i.e., cost estimates that are used to evaluate, approve, and/or fund projects).
Automated cost and carbon estimation using artificial intelligence techniques
The global construction industry is currently very inefficient in assessing the capital costs and CO2 footprint of proposed projects, during the preconstruction phase. This fact leads to inefficient cost and CO2 data capture and assessment for the whole life cycle of projects.
Cost Estimating in Power Projects: Strategies for On-Budget Success
For cost estimating in power projects, precision is mission-critical. Every dollar counts for project costs, overhead costs, and material costs.
Cost Estimating in Mining: Strategies, Tools & Best Practices
Accurate cost estimation is essential for mining project success. This article breaks down modern methodologies, software tools, and best practices to help mining teams improve estimate reliability, manage risks, and keep projects on track.
Cost Estimating in Infrastructure and Civil Works: Best Practices
Reliable cost estimation is the linchpin for successful infrastructure and civil works projects. This comprehensive guide explores the principles of cost estimating in infrastructure and civil works, essential methods and types, technology’s role, and actionable strategies.
What Is a Pricing Index in Cost Estimating? Complete Guide
A pricing index is a statistical measure that allows you to translate yesterday’s costs into today’s market, enabling more accurate project budgets, informed pricing decisions, and a data-driven understanding of how your prices compare to the market average.
Cost Estimating Templates: Streamline Your Project Budgets
This guide covers why estimation templates are critical for every project, what features a good estimation template must include, project cost estimation techniques, and how to use and customize your estimate template for projects in construction, IT, or any industry.
How Value Engineering in Construction Maximizes Project Value
Value engineering in construction isn’t just about shaving dollars off the bottom line. It’s a disciplined engineering methodology for maximizing value throughout every construction project.
Cost Estimating vs Pricing: Build Profitable Projects
Cost estimating lays the groundwork for understanding project expenses, while pricing transforms those internal figures into client-facing offers that support profitability. Mastering both ensures smarter bids, robust project management, and firm control over margins.
What is the Best Cost Estimating Software in 2025?
Choosing the right cost estimating software can dramatically improve accuracy, reduce costly errors, and streamline workflows across your construction projects. Below is a quick comparison of top solutions to help you get started.
What Is Analogous Estimating? Project Management Guide
Learn what analogous estimating is, how it works, and when to use it in project management. Get tips for accurate estimates. Start streamlining now!
.webp)
What Is a Cost Breakdown Structure? A Complete Project Guide
A Cost Breakdown Structure (CBS) is a hierarchical framework for categorizing and organizing all project cost items.
What Is a Bill of Quantities? Guide for Accurate Construction Costing
A Bill of Quantities (BOQ) is a document listing all the materials, labor, and services required for a construction project. The BOQ acts as a foundational document throughout a construction project’s lifecycle, serving as the essential benchmark for cost estimation, bidding, project monitoring, scheduling, and contract management.
EPC Cost Estimating: Keys to Accurate and Successful Projects
Nailing your EPC cost estimation is central to project success. In this article, we’ll dig into why precise estimating is more than a technical exercise, what makes a truly reliable estimate, and how the right tools, data, and methodologies support better cost control.
Manufacturing Cost Estimating: Tools, Strategies, and Best Practices
This article explains key components, from direct materials to overhead costs, and explores tools, strategies, and real-world tips for improving accuracy, managing risk, and staying ahead in a fast-changing market.
Construction Equipment Cost Estimating: Your Complete Guide
Unpredictable construction equipment costs and missed budgeting steps are major causes of blown project budgets. This guide details how to estimate equipment costs accurately, covering all relevant cost factors, key benchmarks, and proven workflows.
Estimating Material Cost: Strategies for Accurate Construction Budgets
Getting material costs right isn’t just about keeping the books balanced. It’s the backbone of profitable, on-time construction projects.
What Is Parametric Estimating? A Practical Guide
Learn how parametric estimating improves project cost accuracy. Use data, models, and formulas to forecast costs with speed, clarity, and confidence.
What is a Cost Estimate? Project Budgeting Guide
Learn what a cost estimate is and why it matters. Improve budgeting, reduce risk, and plan smarter with accurate, data-driven project estimates.
What Is Cost Estimating? A Complete Guide for Modern Project Teams
Learn what cost estimating is, why it matters, and how to improve it with software and data. Get practical tips for accurate, efficient estimates.
Excel vs Estimating Software: Which Is Best for Construction?
Compare Excel and construction estimating software. Discover which tool boosts accuracy, saves time, and helps you win more bids. Learn more inside.
What Is a Cost Estimating Database? Complete Construction Guide
Build faster, more accurate construction bids with a cost database. Boost cost control, reduce risk, and plan smarter with reliable data.
What is a Quantity Takeoff in Construction? Complete Guide
Learn what quantity takeoff is, why it's vital for construction estimation, and how to improve accuracy. Master cost control—read our complete guide.
Cost Estimating in Construction: Methods, Tools, and Best Practices
Explore proven methods, tools, and software to estimate construction costs accurately, reduce risk, and keep projects on time and budget.
No articles matching the filter criteria. Please reset from the filters menu to show all articles again.
What Is Cost Benchmarking? Strategies for Cost Efficiency
Cost benchmarking lets organizations compare their spending against industry leaders to pinpoint inefficiencies and drive smarter resource decisions. This guide walks you through what is cost benchmarking, its principles, the different types and benefits, and hands-on tips for cost efficiency, optimization, and continuous improvement.
Stay Up to Date
Subscribe to our Newsletter today and receive the latest updates, trends, expert insights, and exclusive offers tailored to your specific industry.