Bringing construction plans from the drawing board to occupancy brings together a wide range of professionals. Residential and agricultural consturction projects often require the knowledge and skills of:
- Project managers
- Financial advisors
- Logistics experts
- Real estate professionals
- Insurance professionals and investors
The one thing that these professions have in common is the need for accurate and up-to-date construction cost information.
The ability to effectively calculate labour, materials, and regional square-footage estimates remains a primary consideration when deciding to move forward with a residential or agricultural construction project. The Douglas Cost Guides are widely used as construction estimating resource by industry professionals across the board. These include an agricultural and residential replacement cost guide and valuation tool for construction sector professionals.
Accurate Replacement Cost Estimates for New Construction Projects
Because the Douglas Cost Guides are the result of more than three decades of diligent research and pragmatic applications, these replacement cost estimating tools have emerged as a primary resource for the Construction sector. There are three basic ways the construction cost estimators prove invaluable — budgeting, industry agreement, and communication.
Accurate Budgeting for Construction Projects
The Douglas Cost Guides deliver replacement cost estimates that construction professionals can rely on. This includes initial cost estimates for substantial projects by architects and engineers as well as professionals all the way through the process.
Industry Agreement on Construction Costs
One of the major issues with not having a definitive cost guide is that professionals in different areas of the construction sector may come up with vastly different replacement cost estimates. This can create significant disruption in the project. When an insurance adjuster and contractor are not on the same page about the cost of a damaged home or facility, it’s generally the property owner who suffers. A universally recognized rebuild cost guide for construction sector professionals keeps projects on track.
Communication Across the Sectors
Having a go-to agricultural and residential cost guide eases communication. Even when people disagree about a construction cost, they can recalculate using the Douglas Cost Guides and bridge communication gaps. Having an objective resource helps industry leaders and property owners resolve disputes and avoid work stoppages.
A cost guide for construction sector professionals must be the result of precision research and knowledge about the industry. Karl Douglas crafted these hard-copy and online replacement cost estimation tools based on more than 30 years of accumulated knowledge and experience.
Frequently Asked Questions:
How will this replacement cost valuation tool benefit my construction project?
The Douglas Cost Guides provide construction companies with a resource that generates Replacement Cost estimates for new construction, based on local and regional costs. These include labour, materials, permitting, and other expenses. Construction companies can provide clients with accurate quotes and back those numbers up.
Where and how is the construction costing data gathered and compiled?
Karl Douglas spent more than three decades estimating construction costs in the agricultural and residential fields. Having brought all the real and potential expenses into an actionable resource, the guides enjoy ongoing updates to reflect changing costs. The resources account for local and regional cost differences, and all locations are subject to ongoing updates.
How easy are the replacement cost guides to use?
The online cost estimation tool ranks among the more user-friendly resources. It was designed to be used by the construction industry who know the pertinent issues in a project as well as property owners outside the industry. Simply put, the guides are designed in a way that construction professionals and laypeople can accurately calculate construction replacement costs.
How detail-oriented are the cost guides in terms of residential occupancies or farm structures?
The Douglas Cost Guides provide comprehensive options for construction companies. This means users can input the relevant data to their unique structure. For instance, the residential cost guide accounts for architectural design, high-end materials, and every conceivable difference between structures. The same reasoning holds true for farm buildings and ancillary facilities.
Construction sector professionals work in an industry where costs and valuations can be vastly different between regions. Materials, labour, and other construction costs are also subject to continuous change based on supply and demand. That’s why having universally respected resources such as the Douglas Cost Guides is essential.
Arriving at accurate baseline cost estimates delivers seamless budgeting, mutual agreement, and the ability to communicate based on an objective set of facts. If you are a construction professional, subscribe to the Douglas Cost Guides.
How often is the costing data updated?
Costing data is updated regularly based on Canadian construction industry trends and factors, in order to provide construction professionals with the most relevant and up-to-date information.
How much does it cost to subscribe?
Depending on individual and organizational needs, there are different subscription plans available for construction professionals. Please consult our subscription pages for more information.