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Construction estimating tools9/28/2023 ![]() I’ve seen companies estimate projects extremely accurately and beat competitors. It can make or break your project, and maybe even your entire business. Why is Construction Estimating Important?Ĭonstruction estimating is THE most important part of any project. General Contractors typically get bids from their Subcontractors so they can add up a total price, add their markup, and submit the price to the Owner. Sometimes a project may need financing from a bank or investor group to build. Owners and Developers ask for bids from General Contractors so they can compare pricing and make design decisions prior to starting construction. In order to build a project, you need to know the costs first to allocate a budget and secure financing. You can then assign costs to those items. ![]() The first step of every estimate is to perform the construction takeoff which measures all the quantities. We know you’re busy, so we’re only including the most important things you need to know to estimate projects fast and efficiently.Ĭonstruction estimating is the act of calculating the cost for a construction project. Click here to learn more about our estimating service for contractors. ![]() This guide was written for the busy contractor, owner, and developer to understand what construction estimating is, how to perform estimates, and how to model your business around something so important.Īs a side note, we are a construction estimating firm so if you need help with a project, we can prepare your entire bids and estimate for you including your proposals. That’s why we created our business model around helping Developers, General Contractors, and Subcontractors estimate (and win) jobs. If you’re planning the budget of a project, having a construction estimating service is extremely critical to the success of your project.īut most contractors and developers are too busy to estimate projects. It’s the engine that runs your entire operation. ![]() Construction estimating is the life of your construction business. ![]()
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