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(OWN-1393) The Owner’s Estimate Requirements Document

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Primary Author: Mr Larry R Dysert CCC CEP

Audience Focus: Basic
Application Type: Application
Venue: 2013 AACE International Annual Meeting, Washington, DC, USA

Abstract: The Estimate Requirements Document is a planning document that should be used by owner companies to clarify goals, objectives, expectations, and responsibilities to 3rd party providers (e.g., engineering contractors) preparing capital project estimates for owner facilities. The Estimate Requirements Document helps to facilitate successful estimate completion in an effective and timely manner. This paper will discuss the typical content to be included in an Estimate Requirements Document, which will provide clarity to 3rd party estimate providers.