Session 6 of 8
Tool: Cost Comparison Spreadsheet
21 CM-GC
NCHRP Research Report 939 presents practical guidance for the post-award administration of projects delivered using alternative, nontraditional methods.
Tool: Cost Comparison Spreadsheet (21 CM-GC)
Session 6 of 8: October 27, 2022
What is it?
- Spreadsheet used to compare the line-by-line estimates of the CM-GC, independent cost estimator, design team, and/or the agency’s estimating division
Why use it?
- Verify competitive pricing and estimating assumptions
- Facilitate discussion of items with cost discrepancies
- Help with negotiating an agreed-upon price
How to use it?
- Include a column for each estimate (CM-GC, ICE, etc.)
- Include a column for the percent difference
- Designate a percentage not to exceed
- The agency reviews and calculates percentages, but estimates remain blind to other estimating parties
- Discuss items with larger percent variations, unless the dollar value is small
- Discuss items with larger dollar variations
Documents
NCHRP ACM Contract Admin – Session 6 Slides