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Innovative Idea - Conceptual Estimating
At Linbeck, our clients understand the true cost position of their projects at all times because Linbeck offers a comprehensive conceptual estimating approach that gives them the information they need to make accurate, informed decisions. Our approach to estimating goes well beyond the standard of pricing the drawings. Instead, we use a system of CONTINUOUS VALUE OPTIMIZATION. In this process, the A/E team develops different options for each major building system such as foundations, structure, enclosure and so forth. Linbeck then analyzes the different options using our DYNAMIC COST MODELING capabilities and presents the team with valuable information so that appropriate decisions can be made. Those decisions are then translated into detailed conceptual construction and project budgets that give our customers the understanding they need to pursue funding or approvals. Linbeck has designed and created a customized, interactive database specifically tailored to reliably track and retrieve cost information. Cost estimating begins in the assessment phase, where we develop a system proforma or conceptual estimate based upon available program information and conceptual plan documents. This proforma identifies specific budget elements and acts as a guide for setting the projects ultimate financial goals. During the design process, Linbeck adds financial discipline to the team by using our exclusive BudgetTrack system that allows the team to track different decisions and their correlating cost impacts. Architectural teams use the BudgetTrack system as a checklist during each design iteration. Each cost estimate builds off the previous one so it is easy to understand where the cost lies and what changes were made that might impact the total cost. The resultbetter total control over projects for our clients.
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