Many people have been using Excel Templates for Construction Estimating (or Excel to Templates) to do estimations. While Excel works great for many other things, it’s not the best tool to use when estimating. The reason is simple; your price does not have a fixed value.
If you’re trying to figure out what the cost of a particular item will be, how are you going to know how much that item will cost? All you can do is guess and hope that you don’t overshoot the mark or underprice the item.
If you’d like to make your estimate in Microsoft Excel, there are a few tools that can help you do that. These tools are built specifically for estimating labor, materials, and time.
If you have to buy the items for your project, you might want to buy them from a vendor at a lower price than you could have purchased them from your supplier. You can’t take a store-bought product and discount it by much when you don’t know the value of the product. This can be a good way to save money.
If you have the items already and you aren’t sure how much they will cost, you can use the materials calculator in Microsoft Excel to determine how much it will cost to purchase those items and to prepare the materials in advance. Once you’ve determined how much your items will cost, you can make the same calculations that the vendor would do and then make adjustments based on the actual sales prices. This is the best way to get a good estimation of materials.
If you’re doing the project at a store, you’ll need to calculate the amount of time that it will take to complete the project. Typically, a store will only want to sell something to you if it’s going to take less time than what it will take you to make the order. If the store needs to order a lot of the material that you’re going to need, you should make an order and reserve the order so that the item will be delivered quickly. Make a little note of that time you spent estimating your materials and the time the store will need to order what you need.
Once you have estimated the time you’ll need to prepare the items and materials, you can let the store know that you are ready to ship the items. You can also use the templates to estimate the time it will take to work out the shipping arrangements. If you have a good estimate of the time needed to prepare the materials, the store will order the materials at a lower cost than it would have ordered them from you.
Several options can help you with your construction estimating with Microsoft Excel. You may need to use these tips for estimating your labor and materials but with a little creativity and good resources, you can be able to estimate a project within a few hours of knowing how long it will take to prepare your materials and work out the shipping arrangements and supplies.