The construction estimating spreadsheet is a must for all companies who are looking to hire the best contractor in town. However, if you’re like most of us and just don’t know what to do or where to start, it can be daunting. In this brief article, I’ll highlight some of the different forms that you will need to look at when trying to find an estimate.
The first form of the estimating spreadsheet is the overall cost of the project. This includes everything from the initial design to labor charges to materials. It is also critical to note that this information must be considered very carefully. It’s not enough to just look at the estimate. It is the basis on which an offer is made to the client.
When you start to see numbers run through the entire length of the project, it is important to understand them. After all, this is what gives the final price to the client. You should also be able to tell when to add or subtract from the total.
The next form of the estimating spreadsheet is the Estimate. This is a great thing to consider. It is essentially a condensed version of the overall construction cost for the project. The main difference being that it details what is included in the overall price and what is not. It also details what the expenses are for labor and materials.
The last form of the estimating spreadsheet is the Estimate as to Aspect. Here, the client gets a chance to make suggestions for the estimated costs. They are then given a copy of the estimate, so they can review it as well. Often, clients will be happy with the estimated costs so long as the client is happy with the result.
The estimating spreadsheet has many uses. However, you will want to use it with caution. Many people find themselves at a loss when trying to get accurate cost estimates. The purpose of the spreadsheet is to provide you with an approximation of the budget so that you can be better prepared to negotiate with the contractor.
The estimating spreadsheet can also give you ideas on how to make the job less expensive. Take advantage of the spreadsheet and think about how you can trim a few things out so that the final project costs a bit less. This may be something you might want to change for future projects.
The estimating spreadsheet has many uses and can help you become a better contractor. Many a good relationship has been formed between a client and a contractor because of the estimator. So take advantage of the spreadsheet and use it positively. Try it out once, and you won’t want to go back to your old ways.