Precision Estimating Services is dedicated to providing Accuracy, Clarity, and Transparency through our construction takeoff services and construction estimating services.

Precision Estimating is a consulting firm specializing in construction estimating services and construction takeoff services. We strive to add maximum value to design professionals, builders, and government agencies. Our extensive experience, outstanding customer service, and clear, concise reporting help our clients turn their dreams into reality.

Services

Our construction takeoff and estimating services provide the solid foundation our clients need to plan for success.

Our goal at Precision is to help our clients develop a clear understanding of the costs and risks associated with their projects so they can better plan for success. We focus on two specific elements in construction planning: Construction Takeoff Services and Construction Estimating Services.

Takeoff

A construction takeoff is the detailed measurement of materials and labor needed to complete a construction project.

Estimate

A construction estimate includes all identifiable component values.

Portfolio

Integration Tower - Cape Canaveral, FL

Aerospace & Transportation

Project

Modification of an existing launch facility to accommodate loading of fuel and payloads onto rockets.

Services

  • Feasibility Study
  • Construction Estimating Services
  • Project Management

Client

Private Aerospace Firm

Portfolio

Hyperloop Test Track - Hawthorne, CA

Aerospace & Transportation

Project

Mile-long vacuum chamber and track system for magnetically levitating vehicles

Services

  • Design Assistance
  • Budgeting
  • Target Value Engineering

Client

Private Aerospace Firm

Portfolio

Launch Facility - Undisclosed Location

Aerospace & Transportation

Project

Analysis of costs and feasibility related to development of a planned space launch facility.

Services

  • Feasibility Study
  • Target Value Engineering
  • Design Assistance
  • Bid Management

Client

Private Aerospace Firm

Portfolio

San Luis Obispo Museum of Art - San Luis Obispo, CA

commercial & industrial

Project

Budgeting, design assistance and constructability review for a planned 26,000 facility to house fine art and educational programs.

Services

  • Preliminary Cost Estimate
  • Budgeting
  • Feasibility Study

Client

SLO Museum of Art

Portfolio

Nipomo-Guadalupe Dunes Center - Guadalupe, CA

commercial & industrial

Project

Restoration of a historic commercial building into a new museum center.

Services

  • Preliminary Cost Estimate
  • Budgeting
  • Feasibility Study
  • Value Engineering

Client

Dunes Center

Portfolio

Ventura Harbor Village - Ventura, CA

commercial & industrial

Project

Remodel of an existing outdoor plaza to address ADA compliance and improve site aesthetics.

Services

  • Budgeting
  • Value Engineering
  • Construction Cost Estimating

Clients

Architect, Government Entity

Portfolio

California Commerce Center - San Fernando, CA

commercial & industrial

Project

Renovation and new construction of more than 500,000 sf warehouse and distribution center.

Services

  • Target Value Engineering

Client

Private Developer

Portfolio

Burbank Commerce Center - San Fernando, CA

commercial & industrial

Project

Renovation, subdivision and seismic retrofit of 125,000 sf industrial site.

Services

  • Project Planning
  • Budgeting
  • Value Engineering

Client

Private Developer

Portfolio

Deer Hill - Walnut Creek, CA

Residential, multi-family & hospitality

Project

Site improvements and vertical construction for a 74-home subdivision on 100+ acres.

Services

  • Project Planning
  • Budgeting
  • Target Value Engineering
  • Off-Site Improvement Investigation
  • Bid Management

Client

Owner, Developer, Government

Portfolio

Isola Bella Apartments - Oklahoma City, OK

Residential, multi-family & hospitality

Project

Renovation and conversion of a 50-acre, class C apartment property to 500 class A apartments and 350 corporate housing units with a 30,000 sf fitness center.

Services

  • Project Planning
  • Budgeting

Client

Private Developer

Portfolio

Rexford Townhomes - Beverly Hills, CA

Residential, multi-family & hospitality

Project

Subdivision and renovation of 4 historic townhomes blocks from Rodeo Drive.

Services

  • Project Planning
  • Budgeting
  • Contractor Selection

Client

Private Developer

Portfolio

Stoneyridge - Walnut Creek, CA

Residential, multi-family & hospitality

Project

Demolition of existing residence and construction of 21 new residential units.

Services

  • Budgeting
  • Feasibility
  • Construction Cost Estimating

Client

Private Developer

Portfolio

Venice Suites Hotel - Venice Beach, CA

Residential, multi-family & hospitality

Project

Renovation and conversion of 3 mixed-use properties totaling 50,000 sf into 165 extended-stay boutique hotel suites with restaurant, pool and ground floor retail.

Services

  • Financial Modeling
  • Project Planning
  • Budgeting

Client

Private Developer

Portfolio

Residence Inn by Marriott - Beverly Hills, CA

Residential, multi-family & hospitality

Project

Renovation and adaptive reuse of 7-story hospital building including re-engineering of structure.

Services

  • Project Planning
  • Target Value Engineering

Client

Private Developer

Resources
Cost Engineering Blog

Online Resources

Economic Forecasts

State of the Construction Industry

Construction is a dynamic industry. In order to provide our clients with the best available information, we incorporate important industry trends such as material and labor cost forecasts into our construction cost estimates.

Industry Projections

ABOUT

Precision Estimating Services provides clarity and simplicity to a complex world.

The professionals at Precision Estimating Services combine a deep understanding of construction with powerful analytical tools to provide clients with the insights and understanding they need to successfully execute their projects.

Precision draws on a diverse staff that includes certified estimating professionals, takeoff technicians, and an administrative staff. All of our professional staff is experienced and college educated, with many holding additional certifications in their respective areas of expertise.

Erik Wright, LEED AP

In 2013, Erik co-founded Precision Estimating Services to provide feasibility, risk and project planning services to a wide-ranging set of real estate owners, developers and financiers.

Jared Malapit, CEP

After becoming a Certified Estimating Professional through the Association for Advancement of Cost Engineering, Jared co-founded Precision Estimating Services alongside Erik Wright.

Karl Vaillancourt

Karl began consulting for developers, private equity firms and commercial banks to assess potential projects to identify and mitigate risks prior to construction. He then joined forces with Erik and Jared to form Precision Building Group in 2015.

Values

Courage1

It takes courage to stand up for what’s right. It takes courage to step into the unknown. Through hardship and success, we remain committed to the work at hand because progress cannot be made without pushing limits and taking chances.

2Humility

We know that we will not always get it right; that it is better to collaborate than to isolate; to seek truth even when that means admitting mistakes. We must always be humble enough to listen with an open mind and never allow our egos to prevent us from doing exceptional work.

Growth3

We strive for growth in our personal, family and community lives - not just as a measure of the company’s bottom line. We encourage each other and ourselves to learn and grow in ways that keep us inspired. It is through this growth that we will not only create a better company, but a better world.

4Sustainability

We are focused on creating work environments that promote every dimension of wellness – intellectual, physical, and psychological. We strive to minimize our environmental footprint by advocating for technologies and innovations that improve the health of our communities and our planet.

Erik graduated with honors from California Polytechnic State University (Cal Poly) in San Luis Obispo with a BS in Construction Management. After college, Erik worked as a site engineer for the construction of the World Cup Stadium in Port Elizabeth, South Africa. Later, Erik was recommended by his alma mater and then hired by the Catholic Diocese to provide owner representation services for the acquisition and development of 200 acres in Eastern Africa, which is now home to a university that serves over 1,000 students.

Upon returning to the states, Erik lectured at Cal Poly on development in third world countries and later was hired as the Vice President for Hilyard Concrete Construction, a prominent regional construction company. During his time at Hilyard Concrete, Erik completed large-scale infrastructure projects, most notably for the Army Corps of Engineers, SpaceX and Raytheon. In 2013, Erik co-founded Precision Estimating Services to provide feasibility, risk and project planning services to a wide-ranging set of real estate owners, developers and financiers.

Jared has been working in construction since the age of 12. He was born into a construction family and grew up working for general contractors in Hawaii. Jared graduated from Cal Poly with a BS in Landscape Architecture and leveraged his background and education to design and build sustainable solutions for homeowners and businesses on the central coast of California.

During the financial downturn, Jared joined Erik Wright at Hilyard Concrete Construction as a Project Manager and Lead Estimator. Jared and Erik worked side-by-side on large projects for the Army Corps of Engineers, SpaceX, Raytheon and others. After becoming a Certified Estimating Professional through the Association for the Advancement of Cost Engineering (AACE International), Jared co-founded Precision Estimating Services with Erik Wright.

Karl has been involved in real estate development, construction and finance since high school, where he interned for a prominent custom homebuilder in his hometown. He later moved on to work for commercial construction firms in college and eventually branched out into real estate finance and development.

After earning a BS in Architectural Engineering from the University of Colorado at Boulder, Karl spent several years underwriting CRE loans as well as CMBS and ABS transactions for a large financial institution. He then attended graduate school at Pepperdine University’s Graziadio School of Business and Management in Los Angeles where he earned an MBA and made the transition to development work. During his time in development, Karl oversaw entitlements, financing and project management for a large portfolio of commercial projects in the greater Los Angeles area and the Southwest.

Later, during the financial downturn that began in 2008, Karl put his combined knowledge of development, construction and finance to work for commercial lenders who were struggling to cope with the fallout in their construction and development loan portfolios. By early 2014, after handling the workout and disposition of a $500M portfolio of non-performing CRE loans, Karl began consulting for developers, private equity firms and commercial banks to assess potential projects in order to identify and mitigate risks prior to starting construction. He then joined forces with his friends at Precision Estimating Services to form Precision Building Group in 2015.