What does the "Probable Project Construction Cost" (PPCC) refer to?

The "Probable Project Construction Cost" (PPCC) is an estimate that represents the anticipated expenses associated with a construction project. The key aspect of this concept lies in its derivation from unit price parameters. This means that the PPCC is typically calculated based on quantifiable units of work, such as square footage, linear footage, or other measurable metrics, along with the costs associated with those units.

By using unit price parameters, the PPCC provides a more dynamic and adaptable estimation as it takes into account variable factors such as material costs, labor rates, and project-specific conditions, which can lead to a more accurate and comprehensive preview of the costs that will be incurred during the construction process. This method allows project planners and stakeholders to better budget for upcoming expenses and make informed decisions regarding resource allocation and financial planning.

In contrast, the other options mention bases such as actual expenses, final documented costs, or flat fees, which do not represent the forward-looking estimate that the PPCC encompasses. The PPCC is a preliminary cost assessment meant to guide project planning before construction begins, differentiating it from actual or finalized expenses that occur after project completion.