Effective Federal Cost Estimation: Four Tenets of Reliable Estimates

The staggering size and variety of the federal real estate portfolio presents a unique challenge. Government is tasked with the operation and upkeep of thousands of facilities, ranging from office buildings to hospitals to defense sites.

When it comes to maintaining and upgrading these sites, federal cost estimation methods may not be up-to-date or accurate. This can lead to time delays and spiraling expenses. It can undermine an agency’s credibility and potentially impact mission-critical operations.

Reliable cost estimates are fundamental to ensuring the responsible use of public funds — and accurate data is essential to driving accurate estimates. Download this playbook, developed in collaboration with GovLoop, to discover the four tenets of reliable federal cost estimation and explore strategies for avoiding common pitfalls in federal construction.