Estimating in the construction industryis one of the most important steps in any construction project. It gives your client an idea of roughly how much they should be spending and helps you not run out of money halfway through a build. That’s why a good construction estimator is worth thei...
What Is Construction Estimating? Construction estimating refers to determining how much cost will be incurred for a construction project and at what time the construction work will be completed. Independent contractors or construction business owners create it in order to gauge the material’s requiremen...
Safety and Construction Cost Estimating: How to Increase your ROI to Your CompanyReturn on investment or "ROI" is a term used most often in the world of finance regarding investments, although, it can be used by businesses and investors alike. The term can be applied to other things in ...
ProEst delivers construction estimating software for commercial contractors. Reliable and intuitive, it helps you win more jobs, increase productivity, and reduce costs.
How to Build the Accurate Material Takeoff A critical phase in estimating is takeoff, often known as material takeoff (MTO). A skilled buildershouldbe able to calculate the materials required for a little one-off building mentally. However, larger construction projects needa more involved process....
Since equipment may be owned, purchased, leased, or rented, contractors must determine how the project affects associated equipment costs (for example depreciation or maintenance) and build this information into their estimate. At this point in the estimating process, contractors will have the first ...
For example, a feasibility estimate might use parametric estimating, while a bid estimate might rely on bottom-up calculations. To explore estimating types in detail, see our companion article on how to write a construction estimate. In this article, we’ll focus on the methods themselves. You...
When you’re creating an estimate for a project, you’re also estimating your company’s associated costs. Estimates include how many labor hours a job will take, as well as the materials needed. If your estimates are incorrect regarding either, there’s a good chance your company will have...
The second aspect of estimating for a project is the labor cost. Different contractors and sub-contractors will be required for different elements of the project. This ranges from the foundations to the roof via utilities, electricity, and brick laying. The estimator will calculate how long each...