Construction Estimation Methods Explained | Analogous, Parametric & Bottom-up 

How much would it cost to build a house? Or construct a highway bridge? Or, repair a road. You know, that road with endless potholes. In fact, how much does it cost to do anything in construction? As you’d expect, there are many recognised methods for cost estimation. The method used will vary, depending on the quality of available data and the level of project definition. However, they all share the same goal: To establish the Anticipated Final Cost (AFC) of a project.
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0:00 Introduction
1:11 Top-down vs Bottom-up Estimate
2:02 Analogous Estimating
2:33 Parametric Estimating
3:05 First Principles Estimating
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