Rsmeans Cost Research Paper

Open, View, and/or
Download this Document

Total Length: 686 words ( 2 double-spaced pages)

Total Sources: 0

Page 1 of 2

RSMean is used for construction estimating. Many construction projects can be difficult to estimate and the RSMeans database is a useful tool in preparing a bid for a client. The database can be used to calculate a construction project based on square footage, the equipment used and the materials used. The building cost index that is used in the system has been compiled over time and includes cost information about industry averages for specific construction activities. This index can account for the increased costs of a construction project that are due to factors such as inflation, cost of materials, and the cost of labor. For example, cost information from a construction project in the 1980s can be adjusted to represent what a similar project would cost in today's market. The accuracy of such estimates is considered to be within twenty to thirty percent of the actual costs. Therefore there is some margin of error that should be considered when estimating with such and index.

RSMeans Functionality

RSMeans stands for "Means Square Foot Costs.

Stuck Writing Your "Rsmeans Cost" Research Paper?

View All Our Example Rsmeans Cost Research Paper

Have A Custom Example Essay Written

" This model uses parameter cost characteristics. The characteristics relate all costs of a project to just a few physical measures, or "Parameters" that reflect the size or scope of the project E.g., warehouse - the "Parameter" would be Gross Enclosed Floor Area:

All costs represented by X ($/S.F) ? total cost = X ($/S.F.) x the project's gross enclosed floor area (S.F.)

With good historical records on comparable structures, parameter costing can give reasonable levels of accuracy for preliminary estimates

After the historical values are estimated by using the square footage, additional calculations can be added to further refine the project. For example, if the structure requires a special feature that is beyond what the cost index includes, then this feature could be added to the estimate in addition to the base costs. This allows for a lot of flexibility in the estimation process using this system and the estimate based on square footage can be altered considerably. There are many reasons that contractors would choose to alter the initial….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Rsmeans Cost" (2013, October 01) Retrieved May 18, 2024, from
https://www.aceyourpaper.com/essays/rsmeans-cost-123567

Latest MLA Format (8th edition)

Copy Reference
"Rsmeans Cost" 01 October 2013. Web.18 May. 2024. <
https://www.aceyourpaper.com/essays/rsmeans-cost-123567>

Latest Chicago Format (16th edition)

Copy Reference
"Rsmeans Cost", 01 October 2013, Accessed.18 May. 2024,
https://www.aceyourpaper.com/essays/rsmeans-cost-123567
   

Open, View, and/or
Download this Document
order custom essay example