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4 Repercussions of Improper Steel Fabrication Estimating

Home > The Keystone Blog > Steel Services Blog > 4 Repercussions of Improper Steel Fabrication Estimating

Steel fabrication is a fundamental component of modern building and infrastructure development. Knowing this, it’s easy to understand why steel fabrication estimating is essential. Accurate estimating guarantees a project’s structural integrity, economic viability, and success. On the other hand, inaccurate steel fabrication estimating can result in a series of problems that affect schedules, finances, and more.

4 Repercussions of Improper Steel Fabrication Estimating

Wondering what those repercussions might be? Here are a few issues that might arise due to improper steel fabrication estimating:

  1. Overspending: Underestimating the expenses associated with steel manufacturing can result in financial overruns. Unexpected costs brought on by labor inefficiencies, material shortages, or other unforeseen difficulties can put a burden on project finances and force stakeholders to make trade-offs between obtaining more financing and maintaining project scope and quality.
  1. Project Delays: Inadequate steel fabrication estimating could cause schedule delays for projects. Inadequate resource allocation can cause construction schedule disruptions, which can result in missed deadlines and contractual fines.
  1. Compromises in Quality: Hastily moving through the fabrication process to cut costs or meet deadlines may result in a product of lower quality. Risks to life and property might arise from using subpar materials, poor welds, or misaligned structural components, all of which can compromise the project’s integrity and safety.
  1. Reputation Damage: Inaccurate steel fabrication estimating could also harm stakeholders’ reputations in addition to having an immediate negative impact on the project. Clients, investors, and the public lose faith in contractors, fabricators, and project managers when there are delays, budget overruns, or quality problems.