Contingency Drawdown: How to Manage Contingency on Capital Projects
How to manage contingency drawdown on capital projects: build the curve from risk retirement, re-test adequacy at milestones and control ev…
Practical frameworks, analysis, and tools used in cost engineering across large-scale infrastructure and capital projects — from concept to delivery.
From conceptual estimate to closeout — the three practices that decide whether a project is delivered on budget, or isn't.
How to estimate field indirects on capital projects from time, manpower and fixed drivers, so distributables move when the schedule moves.
Read the full article →How to manage contingency drawdown on capital projects: build the curve from risk retirement, re-test adequacy at milestones and control ev…
Reference class forecasting corrects optimism bias in capital cost estimates using outside-view data. How to build a defensible class and a…
Owner's costs are the most under-estimated block on a capital project. How to build them against a code of accounts instead of a percentage…
How to build a defensible unit rate from a quantity take-off on capital projects — measurement conventions, labor constants, allowances and…
How estimate validation differs from estimate review, and how to run a genuine cold-eyes check that tests the number before sanction on cap…
How value engineering optimises cost on capital projects through function analysis and the SAVE job plan — cutting cost without cutting sco…
Concept through detailed — basis of estimate, benchmarking, unit rates.
Explore discipline → 02 ● 5 ArticlesEarned value, variance, forecasting — controlling cost through execution.
Explore discipline → 03 ● 5 ArticlesQuantifying cost risk — registers, Monte Carlo, contingency setting.
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