Cost to Complete Process in Construction Projects
Learn about the Cost to Complete process for forecasting final construction project costs. Discover why it is important, when it should be done, who is responsible, and how it helps in cost management and project evaluation.
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Presentation Transcript
Cost to Complete Process Jim Koenig NW Region PDS Supervisor 2019 NW Region Construction Training March 21, 2019
What is Cost to Complete A process to forecast a construction project s final cost. The intent of this process is not to determine design quality but rather to proactively identify cost variations so the final cost of the project can be projected.
Why do Cost to Complete By proactively identifying issues early, action can be taken to minimize costs, identify trends, and gauge the final construction cost.
When do we do Cost to Complete Cost to complete will be completed on all NWR construction projects that have a contract time longer than 28 days.
Who does Cost to Complete Jennifer Oldenburg is the WisDOT staff that is responsible for administering Cost to Complete for the NWR. Jennifer will provide the Cost to Complete spread sheet, Project Leader instructions, and a Cost to Complete Guide to the construction project leader. The construction project leader completes the spread sheet by the first Friday of the Month and returns the spread sheet to Jennifer. Jennifer compiles all of the projects into one report by the following Wednesday.
