Connecting Actual Job Costs Back to Estimating

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Connecting Actual Job Costs Back to Estimating

1:30 PM - 2:30 PM
April 04, 2017

One of the biggest risks to a company in a low-margin construction economy is executing a project differently than how it was estimated (and vice versa). The best way to maintain profitability is to create field-friendly budgets, to aggressively track and manage direct costs, and to incorporate actual performance into future estimates. Learning objectives: - Incorporate field input into estimates - Determine the healthy differences between an estimate and a budget - Recognize why and how actual job costs should be tracked - Utilize job-cost information to improve estimating accuracy

Management Consultant
FMI Corporation
Location:  S330A

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