#BUILDING ESTIMATE IN EXCEL FOR FREE#
#BUILDING ESTIMATE IN EXCEL PDF#

A small, complicated project might demand much more from you than a large simple one, so your profit ought to be based on more than a simple percentage. (The actual average net profit for residential construction companies was 7.4% in 2017, according to the National Association of Home Builders.)Р”В«ut also rememberР’В that 10% is an average. The industry standard is the 10-10 rule, meaning 10% for profit and 10% for overhead. That number ought to in your estimate, and ought to be the last thing youРІР‚в„ўre willing to adjust. Before you agree to take a job, you should know how much you should be leaving with in-pocket. This seems obvious, but a surprising number of small contractors donРІР‚в„ўt figure their own profit into their estimates. ItРІР‚в„ўs a lot to keep track of, but if you donРІР‚в„ўt include it on the estimate, youРІР‚в„ўll end up paying for it instead of having your client pay for it. Other hidden costs include gas for trucks, temporary shoring, site utilities, saw blades, trash hauling, and more. Some contracts have the contractor pay for the permits, which can range from hundreds to many thousands of dollars. Small miscellaneous costs can be a killer. Even the office time spent on administering those things has to be paid for. Labor is more than just what you pay your crew per hour: Labor burden is a factor that represents all the various costs of hiring your workforce, like insurance, payroll taxes, benefits, Workers Comp, continuing education, certifications, safety equipment, etc. Make sure youРІР‚в„ўve considered that the cost of materials can change significantly between the signing of the contract and the purchase of those materials. If a client wants РІвЂ¦Сњ-inch thick drywall and youРІР‚в„ўre estimating Р’Р…-inch drywall, you could end up eating the difference. Sure, youРІР‚в„ўve counted the units of each material - but make sure you understand the details. Knowing exactly when the job should end saves everyone money and headaches. If your client makes changes, that can cost you in lost opportunity costs, additional labor, and additional supervision. You have to know in order to plan your next job (and the one after that) when your current job will end. We say it all the time, but time actually is money. By defining what is included in the work, youРІР‚в„ўre also defining what isnРІР‚в„ўt included, which can be critical if disputes ensue. But if there arenРІР‚в„ўt - or if theyРІР‚в„ўre incomplete - your description of the work is the basis for the whole agreement. If there are drawings and specs included, this is already largely covered. Whether you use these templates, find one elsewhere, or create your own, a construction estimate should generally contain the following information. What construction estimate templates should include All of the costs of running your business ought to show up in some way on your estimate. You also have a business to run, and that isnРІР‚в„ўt free. Make sure you clearly communicate this to your client when providing an estimate or a proposal.Р”Р„ thorough estimate includes much more than just the value of the work to be performed. Clients see you - as they should - as an expert in your field, and put a lot of trust in your expertise and professionalism.Р”Р„n estimate is not a contract. In the heat of the job, with money on the line, honest mistakes can be misinterpreted as dishonesty and your reputation (and the reputation of contractors in general) can take a hit. Many, many disputes with clients begin as a simple misunderstanding of the scope of the work. The biggest problem with an inaccurate estimate is that it leads to an inaccurate bid. If your estimate is inaccurate, it will be almost impossible for you to make money.Р”Р„n inaccurate estimate greatly increases the chances of payment delays, lien claims, and litigation. This is because the contracting game is won at the beginning, not the end.

#BUILDING ESTIMATE IN EXCEL FOR FREE#

Download any template for free by clicking the corresponding 'DOWNLOAD' button.This may seem obvious, but it bears repeating - a good estimate is the key to success as a builder.

#BUILDING ESTIMATE IN EXCEL PDF#

Each template comes with a PDF estimate / quotation template too. All the template are in Microsoft Excel spreadsheet ('.xlsx' or '.xls') format. Looking for easy-to-use invoicing estimating software? Our job and work estimate template / quoting template collected here could be used for cost estimate of jobs, works and projects.

Building estimate in excel