Estimating options in STACK
Before you’re ready to create a proposal with markups to calculate your selling price and profit, you’ll want to compile an estimate. STACK offers two types of estimates:
Unit Cost Estimate - Gives you the ability to add a per square foot, linear foot, each, or cubic yard price to measurements. Waste and overhead can also be added to arrive at the project cost.
Material and Labor Estimate - Offers a much more detailed estimate using materials derived from items or assemblies. Gives you the ability to edit item pricing, add waste, and overhead to arrive at a project cost.
How to create a unit cost estimate
A unit cost estimate uses the measurements from each takeoff. This type of estimate allows you to assign pricing per square foot, linear foot, cubic yard, or count (as well as waste, overhead, and other non-measured costs).
- To get started, navigate to the “Estimates” tab and choose a Unit Cost Estimate (you can create multiple estimates per project).
- The fields in blue are editable, which include the waste and unit cost columns. You can make manual adjustments to any of these fields
- As waste and unit costs are entered into the project, the price of the project will start to populate in the top black box.
- You will also see cost type summaries which are represented in a pie chart to the left of the estimate.
- The Adjusted Qty column is rounded to the next whole number by default. This can be disabled by clicking edit properties under the Estimates section on the left panel.
- Optionally you can add “Non-Measured Costs” by clicking “Add Item” and manually entering the data
- Once you’re satisfied with your data entry, the estimate will provide the total cost of the project which will help you decide if you’re ready to determine the selling price and generate a proposal
How to create a material and labor estimate
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 as you can assign a cost, waste, to each material, along with overhead for the project. *Any items attached to a takeoff that have cost will pre-populate in the estimate but can be overridden for the specific estimate.
- To get started, navigate to the “Estimates” tab and choose a Material and Labor Estimate (you can create multiple estimates per project).
- Repeat steps 2 through 7 from above
Material and labor estimates also have warning indicator that will appear if any takeoffs on the project do not include an item or assembly. Clicking the name of the takeoff will take you to the takeoff edit screen so you can quickly add the missing item or assembly.
Overview of estimate fields
- Unit Costs - The cost per unit or material (depending on the estimate type)
- Waste - You can assign a waste percentage to each line item to ensure they account for enough material.
- Overhead Costs- You can assign an overhead percentage to the project to account for items such as office rent, phones, insurance, etc. This is to ensure you do not underbid a project by accounting for the day-to-day costs of running a business.
- Non-measured Costs - You can create items that were not measured in STACK such as truck rental, labor, scaffolding, etc. Waste and cost can also be assigned to each of these non-measured items.
*You can also create/add groups of non-measured items for re-use on any estimate using the “Item Set” dropdown menu. Selecting “Manage Item Sets” will redirect you to company settings.
If you need additional assistance, please contact us.