Honestly, we have gotten to the point where we make sure it is understood up front that we won't be doing a cost estimate. The construction industry is way to volatile and there are too many "insider secrets" for lack of a better term. What ends up happening is that we do an "engineers estimate" which then becomes the basis for decisions it was never meant to provide confidence for...like financing decisions. To us, it's a lose-lose scenario. If we are conservative and high, the owner feels that the contractor is low bidding it or is stuck with allocated money that "must be spent". Conversely, if we are low then the bid is usually dismissed and the owner blames the design team for an expensive design!
On moderate to large projects, we have encouraged the owner to engage the services of an independent construction estimator. They are usually retired contractors that understand where to get good information. We also sell this as a benefit to the owner in that the estimator can, in some ways, bring successful elements of a design-build job to a design-bid-build team because the impact of the price of design decisions can be measured while the design is ongoing. Those that have had good design-build jobs in the past often see the benefit in this and bring the estimator on board.
For small projects, where there isn't a lot of "stuff" included, I use some basic cost figures:
4 laborer crew with foreman = appx $3,000 / day
Concrete = $300/cu. yd. - $500/cu. yd. installed
Steel = $1/lb fabricated plain steel
Wood = lowes website with the labor rate above
masonry = no real good value for this...usually means
These are very rough figures but usually get me close when it's a simple design.
PE, SE
Eastern United States
"If a builder builds a house for someone, and does not construct it properly, and the house which he built falls in and kills its owner, then that builder shall be put to death!"
~Code of Hammurabi