How to Create a Construction Cost Analysis in Google Docs
The Public Service Company in Indiana, USA, made a public announcement in 1984 that they had to abandon the Marble Hill Nuclear Power Station. The firm spent $2.5 billion over the half-finished power plant project. You can say that it was such a waste of money to construct such a project. That is why you need to ensure quality and quantity during the construction process to avoid such a disastrous result. Below are steps you can follow to produce a Construction Cost Analysis in Google Docs:
1. Plan to be Ready
If you want your project to finish smoothly, all you need to do is to plan ahead. Planning is essential in the construction project process since it involves dealing with the budget, labor, materials, equipment, timeline, and other items. That is why you need to plan before purchasing the items.
2. Write Them Down
List down the things that you have purchased so that you can proceed with the construction project. This is necessary so that you'll be able to find out the whether you have the ability and the potential to pursue the project. You can organize or put the items in a checklist or a document so that it would be easier for you to monitor.
3. Itemize Your List and Budget Cost
Categorize your items by organizing them according to groups like materials, supplies, resources, and equipment. By doing this will help you check the budget cost of each items. It will also be easier for you to track the money that was spent by your team.
4. Create a Layout
Google Docs is one of the best tools you can use to edit and input the details that you need in the construction project. This type of tool is easier to use since it's packed with user-friendly features giving you convenience and to make editing easier. You can start by opening it. Create a table and input the information.
5. Save, Print, Give
Don't forget to save your file. It's the safest thing you do to prevent you from the perils of technical issues. You can save it on your computer or websites like Google Drive and Yahoo Mail. And when you are done, you can print and keep the copy.
1. What is a Construction Cost Analysis?
Construction Cost Analysis is one of the most imperative process on the construction process. It monitors the money spent during the construction period. It will also identify the items that was purchased by the contractor.
2. Why is Construction Cost Analysis important?
If you don't want to waste your investment on the project, keep a track of your funds. Spending it without someone keeping an eye of it, is a big problem. It will cause a disastrous result. Your money should be checked and balanced from time to time so that you can achieve the kind of structure you want to build.
3. What is the difference between Construction Cost Estimates and Construction Cost Analysis?
Construction Cost Estimate is the process which you list down the items and estimate the budget for each. Unlike the Construction Cost Analysis, it is a process which records the items purchased during the construction activity.
4. How do you do Construction Cost Analysis?
You can refer to the steps provided by our team of professional writers above.
5. What are some of the tools to create a Construction Cost Analysis?
There are hundreds of tools you can use to craft your Construction Cost Analysis. However, it only depends on the tool that you are familiar and comfortable working your layout. You can use Microsoft Excel, Microsoft Word, Google Sheets, or Google Docs.