Real Estimate Services

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Estimation and Costing of Building

Accurate Estimation and Costing of Building

Whether you’re carrying out project for residential, Commercial or Industrial construction or you’re planning to remodel your existing space, accurate estimation and costing of building is too much important to stay within the budget, saving time and money as well.

Do not try to save money on cost estimation because at the end you’ll end up uncertain expenses and unplanned wastages.

At Real Estimate Services, we are specialized at creating reliable, accurate and errorless construction estimates for Contractors, Subcontractors, homebuilders and home owners.

Key Factors in Estimation and Costing of Building:

  • Material Takeoff: Major and crucial thing in cost estimation is material takeoff. One must consider accurately how much material is required to fulfill all needs of the project.
  • Labor Takeoff: Labor is also an important factor to take care of while estimating for project. Exact number of labor hours will determine the exact costing.
  • Equipment and Machinery: Renting of necessary equipment and machinery and their operating expenses is something contractors should keep in mind.
  • Overhead and profit margin: Admin costs, transportation expenses, miscellaneous expenditures and contractor’s profit.

Why Estimation and costing of building is so important?

When it comes to bidding for a project, it is very crucial to prepare a very precise and accurate Construction cost estimation. Because there are a number of contractors bidding on same project. So, the cost estimate which includes all the minor details, covering every possible expense at the same time making it competitive by eliminating wastages and unnecessary use of expenses.

Every company is looking for the lowest price of project and high quality of work at the same time. The contractor who provide both things, makes it obvious to win more bids.

Types of Cost Estimates:

  • Preliminary Estimates: This is like the introductory estimate, used for the initial feasibility of project.
  • Detailed Estimates: It includes all minor and major details of project with per unit costs of every key factor.
  • Revised Estimates: When some changes occur during the completion of projects, the estimates are revised accordingly.
  • Supplementary Estimates: If something is added later on in the existing project, then supplementary estimates are prepared.

Software used in estimation and costing of building:

These are the professional tools and software used by estimators to carry out cost estimation of bigger projects to maintain accuracy and reliability.

  • Planswift: Best for digital takeoffs
  • Stack: Mostly used for material and labor takeoffs.
  • Bluebeam Revu: Ideal for PDF based estimation.
  • BuilderTrend: This is the all in one software used for cost estimation and project management.

Types of Estimates we offer at Real Estimate Services:

Why should you hire a professional estimator?

  • Save time and money.
  • Prepare accurate and reliable cost estimations.
  • Eliminate cost overruns
  • More estimates to bid more projects to increase winning chances.

At Real Estimate Services, we provide accurate cost estimates because we have a team of highly skilled and professional estimators and engineers specialized in their fields who use professional tools and software to ensure the quality of work. At the end, Chief estimator reviews the estimate and then passes it on to the client. Our bid winning ration is 90%+.

Our clients are highly satisfied with our work. You can visit our website at www.realestimateservice.com or reach out us at info@realestimateservice.com.