A cost estimate is the forecast of the likely costs of a project. The cost estimate is based on any planning available to date, determinations of quantities and descriptions of services. On this basis, costs are determined using known cost components and supplemented using pertinent requests for quotation for the project. The costs are further subdivided into various cost groups and cost types. Within the scope of project management, the cost estimate constitutes a major success factor.
Our extensive expertise and many years of exposure in various regions worldwide allow our experienced consultants to efficiently create a cost estimate as well as provide support in subareas. For this purpose, we make use of professional software such as iTWO, among others.