Construction cost estimates are the backbone of profitable work. Without a thorough, accurate, and detailed estimate, you’re unlikely to win much, or if you do win, you might find yourself stuck performing the work for an unrealistically low price.
This is why it’s so important to get the cost estimate right from the start. Here’s your guide for how to ensure you do just that.
What Is a Construction Estimate? Its Purpose and Function
A cost estimate sounds simple, and on the surface it is. Simply put, it is an educated guess as to how much a particular job will cost to perform. But there’s so much more to it than that, and a lot goes into creating accurate estimates that win profitable work.
Bid Faster. Win More. Build Smarter.
Get your FREE account today to:
- Increase Team Efficiency
- Complete Estimates Faster
- Generate More Revenue
Why Construction Cost Estimating Is So Important
An accurate estimate happens during preconstruction and accounts for all facets of a project to give the cost estimator a clear picture of everything that will be needed for a job. A thorough estimate means fewer surprises, a better project budget, solid data for later analysis, and more precise forecasting. Without a thoroug