Who typically prepares a Conceptual Estimate?

A Conceptual Estimate is typically prepared by the architect. This is because the architect is involved early in the design phase of a project and has a deep understanding of the project’s scope, design intent, and architectural elements that will influence cost. By creating a Conceptual Estimate, the architect provides an early approximation of costs based on design considerations and project specifications before detailed plans are completed.

The architect uses their expertise and knowledge of materials, labor, and construction methods to estimate costs that reflect the project's vision. This estimate helps project owners and stakeholders make informed decisions about feasibility and budgeting in the initial stages. While contractors may also provide input or refine estimates as the project progresses, it is primarily the architect who is responsible for developing the initial Conceptual Estimate.

Understanding this role emphasizes the collaborative nature of project planning, where various stakeholders contribute but rely on specialized expertise to tackle different aspects of project development.