Which method is commonly used for cost estimation during early project phases

Wondering how professionals estimate project costs in the early stages of construction?

📌 The answer: Order of Magnitude Estimating (also called ROM Estimate).
It’s a quick, high-level method used before detailed project information is available.

✅ Ideal for feasibility studies
✅ Accuracy range: -25% to +75%
✅ Helps in early decision-making

This is one of the most common methods used when detailed designs or drawings are not yet ready.

🎯 Perfect for:
• Civil Engineers
• Project Managers
• Construction Students
• BIM Professionals

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Keywords: early cost estimation, order of magnitude estimate, construction budget planning, autodesk construction cloud tutorial

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