Estimating for builders

Conceptual estimating is an estimate of the construction costs based on the designer’s preliminary sketches and specifications.

To make cash in the construction industry you must ensure that your outlay is covered and profit margins maintained. The trick is knowing how to set the project price. To set a price you need to know what the entire project costs are, including the material cost, direct labor pricing, equipment and the indirect cost of the complete job. Big construction companies often have expert c

A material takeoff involves estimated counts of material supplies, material costs, labor costs and equipment by itemised prices and also can include a project completion date estimate by computing delivery times and building hours. 

Possibly the most crucial part to a construction project is construction estimating. It is the process of calculating the material, labor, equipment and overhead costs associated with a building project and then creating a quote, bid or project budget with the information.

Construction estimating is a major element of construction management. The construction industry relies on accurate cost estimates for both simple and complex projects. 

It doesn’t matter whether you prefer to call it material takeoff, construction takeoff or estimation takeoff, a quantity takeoff is an essential part of any building project. Whether it is a large or a small job, accurate quantity takeoffs can mean the difference between a financial disaster and a completed project that keeps everyone happy.

The construction takeoff process when done manually with paper plans and a scale ruler is time-consuming and frustrating. It’s a process that often requires repetitive work while still resulting in inaccuracies. Because construction takeoffs are a necessary part of the construction industry, having a takeoff process that is efficient and accurate, is essential.

Estimating software streamlines your entire estimating process, from takeoffs, to estimates & sending quotes, set your construction business up for success.

The adoption of estimating software for small builders in Australia has soared in recent years. As the construction industry continues to evolve its digital capabilities, builders are embracing estimating software as a backbone of their business.

If you’re an experienced builder you may be able to estimate the cost of a small one-off job in your head, but generally, most builds and renovations start with a takeoff which will form the basis of your quote.