Cost estimating calculates the future cost of a construction project by bringing together location and industry knowledge with construction cost databases. Pangea utilizes computerized cost estimating systems that are developed in house utilizing historical data of our previously executed projects formulated in latest real-time computerized platforms. We also develop project-centric cost reports that summarize critical cost data. Our project-level reports track cost trends and variances on a level that is meaningful to the overall completion of the project. Pangea utilizes the project cost management suite of ARES Prism™ as well to provide cost estimating services.
The benefits of estimating tool of ARES PRISM™ is listed as below:
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