A Material and Labor Estimate uses materials from items and assemblies that are attached to takeoffs. This yields a far more detailed estimate when compared to a Unit Cost Estimate.
A user can assign a cost, waste, to each material, along with overhead for the project. If the item was created with a cost, the item cost will be pre-populated. A user can over-ride this price by typing in a new price to achieve project specific pricing.
- Price: For a Material estimate the price would be per the purchase unit, such as tube, bucket, sheet, gallon, ton, etc
- Waste: User can assign a waste percentage to each line item.For example, if the user knows the drywall in a project will need to be cut to fit in certain areas, they may assign a waste percentage to ensure they account for enough material.
- Overhead: The user can assign an overhead percentage to the project to account for items such as office rent, phones, insurance, etc. This is to ensure a user does not underbid a project by accounting for enherit costs of running a business.
- Non-Measured Costs: User can create items that were not measured in STACK such as truck rental, labor, scaffolding, etc. A waste, cost, and markup can be assigned to each of the add-ons.
Get Started by clicking Material and Labor Estimate from within the Estimate tab.
You will be presented with a screen showing the materials from the project.
The field in blue are editable fields, which include waste and unit costs. If pricing had been entered at the item level, the cost will be pre-populated. To over-ride the cost, type in the cost you want to create per project pricing. As waste and costs are added to the estimate, the cost of the project will start to populate in the upper black box. You will also see cost type summaries which are represented in a pie chart appear to the left of the estimate.
The Adjusted Quantity column is rounded to the next whole number by default. This can be disabled by choosing Edit properties.
Rounding the estimate:
- Material and Labor estimate: The toggle will round to the next whole number of the material. For example, 57.8 gallons would round to 58 gallons.
Add an Overhead percentage to account for the cost of running a business. Overhead includes direct costs such as office rent, utilities, or insurance. This overhead is accounted for in your total project cost.
A warning indicator will appear if any takeoffs on the project do not include either an item or assembly. This is to alert you that the estimate may be missing materials. Clicking the name of the takeoff will take you to the takeoff edit screen so you can quickly add the missing item or assembly.
STACK offers the versatility to create multiple estimates per project. For example, you may want to add higher or lower costs depending on the recipient of the estimate.
The estimate will provide the total Cost of the project. The next step is to create a Proposal to determine the Selling Price of the project.