Accurately forecasting the cost of future projects is vital to the survival of any business or organization contemplating future construction. Cost estimators develop the cost information that business owners or managers, professional design team members, and construction contractors need to make budgetary and feasibility determinations. From an Owner’s perspective the cost estimate may be used to determine the project scope or whether the project should proceed. The construction contractor’s cost estimate will determine the construction bid or whether the company will bid on the construction contract.