November Networking and Technical Event [Nov 27th]

About the Presentation:

Continuous estimating is a dynamic approach for target costing in collaborative contracts, where project costs are iteratively estimated during validation and design phases to guide design decisions toward meeting target costs. Unlike conventional estimating, which determines costs at fixed design milestones, continuous estimating provides ongoing cost data aligned with scope and design changes to validate allowable costs, screen design options, set target costs, and support design-to-target cost or target value design. Challenges include fostering trust and collaboration, shifting from traditional estimating to agile methodologies, and ensuring access to high-quality historical data and a deep understanding of cost relationships with project parameters. This presentation introduces a structured framework for implementing continuous estimating, discussing challenges, lessons learned, and success factors drawn from IPD infrastructure projects in Canada.

About the Presenter:

Behrad Kiafar is a Director at Turner & Townsend with over 22 years of experience in infrastructure and energy project delivery across Canada and internationally. He is a subject matter expert in commercial management, collaborative contracting, and lean project delivery, with experience in various delivery models, including Integrated Project Delivery (IPD) and Progressive Design-Build. Behrad has been a board member of AACE – Toronto since 2016.

See you there!

AACE Toronto Section Team