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Early involvement in projects enables us to give you a working budget from the beginning of conceptual design. This budget provides a baseline estimate to guide decisions as the design process continues. As design proceeds, we update this budget with the latest information.
The four phases of a typical estimate are:
- Conceptual Design Estimate - Early in the design process, conceptual design estimates provide frameworks for evaluating different alternatives at the conceptual design stage. (Accuracy is usually within 15%.)
- Schematic Estimate - Provided at the completion of schematic design and establishes the baseline estimate. (Accuracy is usually within 10%.)
- Design Development Estimates - An updated estimate prepared as the design concept is finalized. (Accuracy is usually within 5%.)
- GMP (Guaranteed Maximum Price) - Established at the completion of contract documents by incorporating bids from subcontractors.
S.D. Deacon uses an open-book approach with owner and architect participation. A 27-year database of knowledge and a well-established subcontractor base throughout the west supports all of our estimates.
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