Ethiopian Construction Project Management Institute

የኢትዮጵያ ኮንስትራክሽን ፕሮጀክት ማኔጅመንት ኢንስቲትዩት

Cultivating effective Construction Management Cultures
ውጤታማ የኮንስትራክሽን ማኔጅመንት ባህል ለማስፈን እንተጋለን!

Best Practice Construction Cost Estimation & Budgeting Manual

It can be said that construction cost estimation practices across Ethiopia has not developed in a purposeful way nor proven to be effective in servicing the industry as it is today.

Ethiopian Construction Project Management Institute (ECPMI) is strongly of the view that benefits for all stakeholders would occur if the approach to estimating projects are more generically documented to achieve more consistent approaches and outcomes and are more closely aligned across the project implementers. It is also the institute's belief that a cost estimation manual/standard built on Best Practices and covering all project phases (from project identification phase through to project delivery and implementation) leads to efficient use of scarce public resources and mitigates the risk of cost overruns thus providing higher levels of certainty for public sector organizations, governments and the public to whom government agencies are accountable.

In consideration and understanding of the operating environment, and lessons derived from international best practices; ECPMI has prepared a best practice construction cost estimation and budgeting manual which is expected to:

-      Give the respective project implementers professionally acceptable sources/guide for the procedures by which how construction cost estimation is develop at each successive project phases,

-      Provide guidance to project implementers developing appropriate processes and procedure to meet best practice cost estimation standard, 

-      Provide what prerequisite information is required to develop estimate at each project phases,

-      Serve as a standard document to give practically-oriented trainings to project implementers, 

-      Provide and improve common understanding on construction cost estimating concept among respective professionals,

-      Improve the presentation of cost estimates; and

-      Assist MUDC in taking a leadership role in aligning industry standards nationally for cost estimating of building and infrastructure projects.

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