COST DATABASE REVIEW AND COMENTARY
LOCATION: Adelaide, SA
ElectraNet appointed Capisce QS to undertake a comparison of costs observed in historic tender returns to update their cost database and to help improve estimating accuracy within the business.
Capisce Qs analysed returned tenders from a range of projects and undertook reviews on how the costs observed differed from contractor to contractor and against the typical estimating allowances.
This high level analytical review of historic pricing information provided the ElectraNet estimating team with an informed basis of specific market trends that were being experienced. This information has assisted ElectraNet in identifying industry “norms” for regularly occurring project activities specific to the power distribution industry resulting in consistent and more accurate estimating.