Risk-Adjusted Estimating and Bid Management for General Contractors

Successful general contractors understand that accurate cost estimates are essential to both project and organizational success. For decades, the cost of construction has been a function of marketplaces: labor, materials, insurances, and fees. However, given increasing project complexity and greater technological capabilities, this reality is changing. The need to both understand and also quantify the risk in performing complex projects will shape the way cost estimates evolve in the very near future.