Cost Estimation is Art

February 18, 2025

🚨 Cost Estimation is an ART – and we’re the Picasso of the Construction World 🎨💥

You want numbers? Sure, we give you numbers. But at The Primestone Group, we’re not just throwing numbers on a page, we’re telling a story. A story where every dollar counts and every decision impacts your bottom line.

Here’s the truth: Construction estimating isn’t just about math. It’s about understanding the bigger picture. It’s about strategy, about predicting the unpredictable, and about navigating the maze of cost in a way that makes you win.

The most successful construction firms? They’re not just relying on spreadsheets . They’re crafting stories through their numbers. Stories that reveal how to manage risk, maximize profits, and ultimately, how to make that project shine. It’s not rocket science, it’s strategy, storytelling, and expert execution and that’s exactly how we do it at Primestone.

We don’t just estimate. We forecast, we advocate, and we navigate your path to success like no one else. And with our industry-leading certifications (MBE, SD-VSOB, and more), we’re built to elevate your business in ways our competitors simply can’t.

Get ready to take your project to the next level. Because at Primestone, we make numbers work for YOU, not the other way around. 💥💯

May 23, 2025
Ever wonder what makes the client experience at The Primestone Group so special?
May 7, 2025
The construction industry is continuing to rush toward sustainability, and for good reasons. Green hydrogen projects, carbon-neutral goals, and net-zero initiatives are changing the landscape of construction and infrastructure development. But beneath the momentum is a quiet truth: sustainable projects carry risks that are often underestimated or misunderstood. For example, new technology, unproven systems, aggressive timelines, and evolving regulations create a risk profile unlike anything seen in traditional construction. Some projects are becoming R & D hot beds. Ignoring these realities is not just a strategic mistake. It is a financial and operational one. Real-World Complexity: Lessons from Green Hydrogen Projects Consider the Intermountain Power Project in Utah, a major initiative transitioning a coal-fired power plant to a green hydrogen hub. The project is pioneering in scope and ambition, but it also highlights several unavoidable realities: Green hydrogen production and storage at this scale are untested over long timelines New transmission systems must integrate with older infrastructure Future-proofing contracts and risk plans must account for technologies that are still evolving Labor, materials, and supply chains are more volatile than traditional builds A new type of skilled labor is required to construct, test and commission these types of projects These are not problems of technical execution alone. They are strategic project risks that must be recognized, modeled, and managed early. Where Sustainable Projects Face Hidden Risks Sustainability goals add layers of risk that traditional project delivery models are not designed to handle. Key areas include: Technology Uncertainty Many green technologies such as hydrogen, carbon capture, and advanced storage are not yet proven at commercial scale. Forecasting performance, maintenance costs, and long-term reliability carries significant uncertainty. Capital Cost Volatility Specialized materials and systems are subject to extreme price fluctuations. Inaccurate early estimates or unrealistic escalation assumptions can undermine project financing and viability. Schedule Disruptions Sourcing renewable energy inputs, specialized components, and skilled labor often extends lead times and introduces new dependencies. Aggressive timelines set during the planning phase can quickly become unrealistic. Regulatory Shifts Policy environments for green energy are rapidly evolving. Regulatory delays, permitting issues, and changes in incentive structures can disrupt projects midway. Dispute and Claims Potential Complexity breeds disputes. As technologies change mid-project or new risks emerge, contract interpretation and scope management become flashpoints for potential claims. What High-Performing Green Projects Get Right Successful sustainable projects are not just well-designed. They are well-prepared. Leading developers and owners are implementing risk management strategies that include: Detailed risk workshops at feasibility and pre-construction stages Early involvement of all project stakeholders including regulatory bodies and permitting officials Adaptive contracting models that anticipate technology shifts Integrated project controls that monitor evolving cost and schedule risk Realistic scheduling buffers based on emerging supply chain realities Early identification of potential claims exposures and dispute resolution frameworks Adequate contingency planning in terms of costs, alternative solutions and schedule criteria Risk is no longer a static checklist. It is a dynamic, ongoing exercise that requires expertise, discipline, and constant recalibration. Looking Ahead: Building Smarter, Not Just Greener The future of construction will absolutely be greener, but building smarter requires recognizing that innovation without discipline is a liability. Sustainability must be matched with rigorous project planning, expert risk analysis, and contractual structures flexible enough to manage uncertainty. Projects like Intermountain show what is possible. They also show that success is about more than ambition. It is about understanding where the real risks lie and having the operational expertise to manage them before they become crises.
By looka_production_156706265 May 2, 2025
Labor Shortages, Apprenticeships, and the New Reality Impacting Construction Costs