First Principle Estimation in Civil Engineering
A step-by-step guide to estimating the cost of civil engineering projects using the first principle.
First-principles estimation, also known as bottom-up estimation, is a fundamental approach in civil engineering and other fields for estimating the cost, time, or other parameters of a project. This method involves breaking down a project into its components, analysing each part, and estimating the resources (such as labour, materials, and equipment) required for each element. These estimates are then aggregated to calculate the overall cost, duration, or other relevant factors for the entire project.
Key steps in performing a first-principles estimation in civil engineering include:
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First principles estimation is a comprehensive and detailed approach to project estimation, and it is beneficial for complex and unique civil engineering projects where historical data or analogies with similar projects may not be readily available or applicable. It provides a granular view of the project's requirements and allows for a more accurate and transparent estimate.
Remember that while first principles estimation can be precise, it can also be time-consuming and require a high level of expertise and detailed project knowledge. As such, it is often used in combination with other estimation methods, like parametric estimation or analogical estimation, to validate and refine cost and time estimates.