Construction Cost Estimate (Takeoff) is the heart of your financial plan. It is what your cost control is based upon. Cost Estimate should incorporate all the items to be included in the general contractor’s bid. A standard format is applied to break down the items for preparing the cost estimate. The cost of each item is established from a database of up to date construction cost information.
Accurate cost estimation plays a key role in construction projects that leads to better decision making. There are several methods available to prepare the estimate of a project. These methods are based on the project’s scope, estimating purpose and estimating resources.
Construction estimating software was designed to help you save time, win more bids and make bigger profits. Most construction estimating software takes months to get up-to-speed. Construction estimating software comes complete with a powerful cost database that’s a snap to update. Estimating construction costs has never been easier. If you can use Microsoft Office, you can use our templates for everything from standard floor plans to sub-contractor.
In developing your home construction cost estimate, you will discover that what your home will cost to build will depend on several things:
- The design and specifications: The kind amount, and quality of the things to be included in your home.
- The prices you are able to negotiate for the labor and materials to be used in the construction.
- How long it takes to build the home.
- How successful you are in ordering the correct amounts of materials and in controlling waste and theft.
Estimating Software then allows you to set up your List of sub-contractors and to assign any item in the un-priced Bill of Quantities to a Sub-Contractor ending up with unique Sub-Contract Bills of Quantities to form sub-contract packages to sublet. Construction cost estimating software can prepare and reports, schedules, outgoing tender as well as many other tasks that constitute the daily business functions of a busy contractor.