Eli5: why are estimated budgets for big construction projects always wrong and end up spending more than expected? Why can’t we get better at these estimates?
In: Economics
I work in the security industry and for the last 5 years I can count on one hand the number of jobs I’ve bid on that had accurate and concise designs put together by architect and engineering firms. Unfortunately in the time that you get to put these bids together and the usual lack of response or answers to your questions leads to change orders down the road when issues you have been pointing out finally rear their heads. This is just one discipline that in the grand scheme of things is not that expensive. I can only image this extrapolated to the other trades
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