Construction Estimating Worksheet
Understanding the costs for commercial construction project expenditures is critical for a number of different reasons, from determining scope and scale to feasibility and whether or not the project should proceed. A contractor's bid or cost estimate will often help inform the decisions of owners, managers, tenants and partners such as sub-contractors, designers or architects.
A commercial construction cost estimator can collect and analyze data in order to determine the time, money, materials, and labor required for a service requested or project. While it is nearly impossible to estimate project costs with absolute precision, this first step will help you better understand the project needs before moving to bid. Below we have detailed a step-by-step list of what is needed to prepare an accurate and comprehensive cost estimation to help you get started.
Building Size/Type/Location
Establish the building quality class
Calculate the area of the building / space of the project
Any administrative, legal, or municipal costs that you will be responsible for
Labor & Materials
The costs associated with hiring subcontractors to complete the work
The unit costs of certain materials (and how you plan to itemize them for a client)
The costs of acquiring new land or property
In order to arrive at an accurate estimate on your project, you have to take into consideration not only the above details of the project, but the following additional factors:
Current market factors such as inflation and labor shortages, how supply and demand are affecting prices on materials at a given time
Currently available materials and potential supply chain issues
Design needs
Environmental concerns
Local building codes
Site conditions
Type of occupants
Once you have a comprehensive list detailing the needs of your project, you can move everything into a spreadsheet to finalize your estimate and get input from commercial general contractors. A general contractor will provide more concrete bids and hours estimations.
Green Heart Enterprises is ready and waiting to hear more about your next project and determine the best way for us to help!