Making Estimates Realistic to Market Conditions


Duration:60 minutes


Estimating construction costs has always been a challenge due to volatile material prices and the cyclical nature of the construction market. Traditional cost forecasting has historically used internal data points only, neglecting external forces, in turn complicating budgets and planning processes.

Trending factors, such as labor availability, material pricing and owner roles will all effect planning processes, making flexibility in response necessary. During this webinar, attendees will learn key strategies for adjusting estimates with real-world market conditions in mind.

Key Topics:

  • Discuss challenges faced within the construction industry when creating estimates and bid proposals.
  • Identify strategies to adjust estimates to market conditions.
  • Discuss how accurate and timely construction cost data can create efficiencies with estimating and supplement internal costs.

The content of this webinar is produced and directed by the event's sponsor.

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Chris Randall

Chief Estimator and Project Manager
Ridley Electric Co.

Chris Randall is the chief estimator and project manager at Ridley Electric Co., Inc. in Syracuse, NY. Chris has over 25 years of experience in large construction. He provides training and supervision to junior estimators and project managers.

Scott Seltz

Engineering News-Record

Since 2015, Scott has been the Publisher of Engineering News-Record (ENR) where he leads the brand’s business operations, content direction, advertising sales, audience development, product innovation and brand licensing.

Prior to his role at ENR, Scott has enjoyed a 30 year career in business-to-business media and a record of accomplishments in positions ranging from sales management, publishing management and portfolio management at a variety of media companies that include Ziff-Davis Media, Gruner+Jahr, VNU, The Nielsen Company and, for the last five years, BNP Media LLC.

Scott also serves as Board of Director member with the ACE Mentor Program and the New York Building Congress.



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