Cost Estimating Guidance
Summary
This document sets out a best practice approach to the development of cost estimates for infrastructure projects and programmes. It is targeted at those involved in the sponsorship, leadership and delivery of projects to support better quality project cost estimates and improved decision making.
Applying the IPA’s priorities of principles, people and performance this document covers:
- Principles for best practice cost estimating outlining the fundamentals that underpin a good cost estimate to get the basics right
and address common pitfalls - Roles and responsibilities in producing, reviewing and owning the cost estimate to make informed decisions
- Cost estimating process that should be followed to produce a robust, assured and transparent cost estimates which can be used
with confidence to support successful delivery.
This guidance document is part of a suite of documents, including:
- Cost estimating guidance – setting out a best practice approach to cost estimation for all team members
- Cost estimating requirements – a technical guide setting out the detailed requirements for cost estimating teams and professionals to produce and assure cost estimates
- Training – to support professional development and promote the adoption of consistent method
In the latest in Copper’s series of insights into public attitudes to infrastructure they set out to explore whether the public are playing an active role in shaping the future of places, and what is seen as a priority for investment on the ground. Copper wanted to understand whether there are barriers to engagement which prevent people from getting involved and, if so, how those working in economic development can encourage others to join the conversation.
The planning systems in the UK set the context for development and create the enabling conditions for a sustainable and healthy built environment. Planning shapes the environments where people work, live and interact. Through strategic spatial planning, the system can ensure that all residents and businesses have a good level of access to services and infrastructure, resources are appropriately accounted for in development decisions, and that new developments make efficient use of resources and technologies. Planning can also address potential negative impacts of development which can be harmful to human health.