What are the most common methods for estimating construction costs?

Question

What are the most common methods for estimating construction costs, and how do they differ in terms of accuracy and suitability for different types of projects?

Philip Reese · Accepted Answer

The RICS produces publicly available global standards on cost estimating, prediction and management standards, which identify appropriate techniques at each stage of the project life cycle.
Using a chartered quantity surveyor is also a way of successfully estimating.
RICS cost prediction professional statement, global 1st edition
https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/construction-standards/icms-international-cost-management-standards

What are the most common methods for estimating construction costs?

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Abby Shaw

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