Whether you are estimating the cost of a residential property or a commercial one, wouldn’t you like an estimate of what it would cost first? Anyone who carefully plans projects would think with this mentality. You want a contractor who excels at reading plans and putting together an estimate that includes all costs involved efficiently and at a fair rate. A set of accurate plans is needed and not just conceptual drawings. That makes it more difficult to estimate the real cost of a construction job. A prospective builder needs plans that have been approved by the city they are building in to get an accurate estimate of the costs involved.
What is Stick Estimating?
Stick estimating involves a long list of tasks to finish to get an estimate. Some of the tasks involve getting a list of materials needed for a job. It could involve the calculation of labor hours. Material costs are included as well as every potential employee that you will need. You also need to list items such as portable bathrooms, permits that you must pay for and items you have to buy to get the job completed. It can be time consuming as you may want a second set of eyes to do these estimates all over again to get an accurate quote. You will also need labor takeoffs before you can conduct the estimate.
Learning About Unit Cost Estimating
A Construction Estimate Service that you may choose can be quicker and equally accurate to stick estimates. These estimates can take anywhere from three to ten days. The other method can take around a month to compile all the information that you need to accurately assess a project.
How Unit Cost Estimates are Done
To start with, you will need to get a list of all the line items that are necessary to finish the construction project. Give a price to each line and have it double checked for accuracy. Next, you apply your profit margin or markup costs to get an accurate price. You may use estimation books, but they do vary from region to region, so it is critical to get the correct books for your region.
Estimation by Computerized Systems
Estimation services done by computer programs have significantly improved over the last ten years. They keep getting easier to use and more accurate. You also get less errors doing it this way than by longhand methods. It is best to use a program designed for construction estimates because of the high level of accuracy involved in the process. Make sure that the contractor understands how to use the software efficiently.
Regardless of What You Choose Speed is Important
You can use any of the methods or a combination of them. The important part is getting your quote in to your customers as quickly as possible. No one has time to wait months for an estimate. You lose business if you lag because of lack of knowledge on how to do an estimate quickly and efficiently. If someone can do a construction estimate in 3-10 days, why would they choose a company that takes a month instead? They will go with the fastest company available so they can begin their project.