Where do cost values come from?

Costs in cove.tool comes from a few different places. Most listed products have their costs provided directly from our Manufacturer Partners, which will vary based on your location. Also, strategic partners (owners, pre-construction teams) and industry standard databases, have given cove.tool access to a national database for construction costs, which we use to estimate costs for the automated inputs. The automated cost values will give users a good apples-to-apples comparison, so when you start to discuss the project with the design team or a client, you can be in the right ball-park when talking costs and performance strategies. If users would like a more personable and region-specific costs, cove.tool allows for users to add, delete, and edit existing cost values. Also other users in the past have invited cost estimators to validate and change the input costs. 

Where to see costs values?
Costs values are displayed all throughout a users project. They will play various roles for your project, and can be seen in the following cases.

  1. As an Input Variables (Utility Rates or Product Costs). Costs which are required to outputting cost-related results are always automated for the users on the onset of creating a new project. These values are based on your building location and use-type. At any moment, users is free to edit the cost input to better estimate a region and scenario best cost value for this category. Input Cost Variable's can be found in the Baseline Energy>Utility Rates, and Change Options pages in cove.tool. 
  2. As a Result. Costs are used to give users ball-park ideas of the whole building costs. 
  3. As Cost Premiums in the Optimization Page. Each bundle option will have a cost premium which is listed. This sum is meant to be added to the baseline cost to get the total cost of your bundle package. 
  4. As an Whole Building Baseline and Optimized Costs in the Optimization Page. The baseline cost is all the code minimum (baseline) options taken together with the geometry. So any option which has a cost/area value is multiplied properly to compute the cost. We do not need to know the overall building cost since it’s a decision-making tool and not a costing tool. The key is having something as a baseline and being able to see the impact/tradeoffs of different options.

COST FAQ's 

Does cove.tool include overheard costs?
Not automatically, however, the user has the ability to modify the cost values and include these. 

Does cove.tool calculate first-costs?
The first cost shows the total cost of the option with the alternatives being studied. For example, if a user has defined multiple options for Wall, Window, Roof, HVAC and Sensors, the total cost of bundle would include the cost of each of those components together. The premium would represent the additional cost on top of the "baseline bundle"  

Does the costs in cove.tool include labor, operation, and maintenance costs?
Not automatically, however, the user has the ability to modify the cost values and include these.

Can I pre-load cost information into my cove.tool project?
Yes. Many of our users have taken advantage of this.

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