Adjusting Costs within a Model

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I am wondering if there is any way to adjust costs for database items when defining a model?

For context, I am creating a conceptual esimtating model and I would like to be able to select the project type for the model so "Commercial, Warehouse, Multi-family ...". In my database I have highlevel cost lines that are priced based on gross floor area. For each type of construction they will have a different range of costs per GFA so I'm hoping to apply a factor to the database unit costs.

I know a work around would be to create a new database item for each type x cost item. I would like to avoid that as my conceptual estimate has about 300 line items and adding costs per type significantly increases the amount of mainenance, and complexity of the model.


Thank you.

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  • +1
    Verified Answer

    I think factor tables would be worth exploring. While not in the context of a model, applying a factor table to an estimate is a great way to manage pricing adjustments globally without having to change line item pricing or create a bunch of duplicates in the database.

    Location factors can also be handled with factor tables. Time-based escalation is a bit more complicated. One method is to create a WBS code for year/quarter/month then create associated addons that calculate over items in the estimate with the corresponding WBS values (e.g. 2027, 2028, Q1-2027, Q2-2027, etc.).

  • 0 in reply to Tony Colburn

    Thank this is a great idea and I think will work perfectly. The only issue I can see is once I move past the conceptual estimating phase I would have to cognicent that a factor has been applied and needs to be removed as it moves into difinitive estimating.

  • 0 in reply to Marc85

    You can turn on the category productivity factor columns on a spreadsheet sequence of your choosing to see if the factor is above or below 1.0 for further manipulation at anytime.  

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