Our Services Include:
- Project Budgeting for Costs
- Equipment Requirements and Pricing
- Material Cost Analysis and Planning
- Labor Cost Estimations and Planning
- Profit Margin Calculations
- Bid Analysis and Proposals
- Cost Tracking and Values Estimating
Project Budgeting Expenses
Project budgeting expenses for construction estimations directly associated with the project's activities, such as material cost labor, expenses equipment, rentals, permits, and licenses, overhead costs, and contingencies. By focusing on all these elements, our project managers can develop an accurate cost estimation that covers all potential expenses. This helps you prevent any unexpected financial difficulties.
Equipment Requirements and Pricing
To calculate your equipment costs, you have to choose between purchasing and renting them. The good thing about purchasing something is that you have to pay only once to use it. But you will need to maintain it well to stay away from potentially costly repairs. Renting equipment is also not a bad option, especially for new construction business owners. However, you will need to pay for it repeatedly.
Material Cost Analysis and Planning
Material cost analysis and planning are the physical resources that are used in construction, from raw materials like cement, steel, and timber to building fittings and even decor. A construction cost analysis identifies where you are currently spending your money and resources on a project. Through our supplier communication, you will know the cost of the equipment and materials needed for the project. Then communicate with our construction management about any overhead costs, including taxes and labor.
Labor Cost Estimations and Planning
In labor cost estimation and planning, we multiply the direct labor hour rate by the time required to complete assembly to get your total labor costs. To obtain your total direct expenses, calculate material expenses separately and add them to your total labor expenses. After that, divide the total labor expenses by the square footage to obtain the labor expenses per square foot.
Profit Margin Calculations
Profit margin calculation is the process in which we divide the total project estimate by the total project estimate minus the overhead materials and labor costs to calculate your profit margin. This is the percentage of the overall project estimate that the profit represents of the entire project estimate. When the selling price and cost price of a product are provided, the profit can be calculated using the formula profit = selling price - cost price. The profit percentage formula used after this is Profit percentage = (profit/cost price) 100. Our trained estimators help you calculate the profit margin to complete your construction.
Bid Analysis and Proposals
A proposal for a bid is a document or agreement that service providers use to define their services, products, pricing, and the timeframe they will use to complete a specific project for a client. In most cases, a company uses a project proposal to communicate its qualifications and details of its estimated costs so that the project owner can use it to determine whether they are the best fit for the project. They are commonly used in the construction industry. In construction projects, proposals are used by an individual contractor or a construction company contracted to handle the entire project for a client. Because bid suggestions vary depending on the industry, project, and bidding process, they still have common features. Cost
Cost Tracking and Values Estimating
The first step is to sit comfortably with our team and complete an accurate estimate of the project budget. Cost tracking involves paying attention to every phase and its necessary financial resources. The plan should cover all activities within the project and contain sufficient backup plans. At this point, everything should be accounted for. By tracking costs, you can make necessary modifications to resources to keep the project on time and as close to the budget standard as possible. The accounting and finance departments often prepare this information for project managers, who share it with their teams.
How Can You Achieve Success in Your Construction Projects?
Project success can be measured through various measurement techniques, including meeting project objectives, corresponding to the planned schedule and budget, achieving customer satisfaction, and delivering high-quality results.
Benefits Of Our Estimating Service
Estimate consultant services involve providing accurate and detailed cost estimates for construction projects. These services may also involve bid management, project scheduling, and other related services.
When you partner with us, our skilled construction estimation experts will assist you in managing your construction business by providing an accurate cost estimate and generating revenue growth. You will not only minimize the risk of incidents and delays but also increase your chance of winning more projects and getting more benefits.
How Accurate Estimates Can Solve Your Challenges?
Accurate Estimates is a premier destination for all construction estimating issues such as project breakdown, cost analysis, building cost estimations, building designs and blueprints, etc. How you can do this is, simply describing the challenges and sharing your budget and details, and our experts will thoroughly analyze your projects and provide you with flexible solutions. Then, based on that equation, break down each factor further until you're left with something you can reasonably estimate.
We Work With?
We work with contractors, subcontractors, builders, and home builders.
Which Steps are Required to Get our Services?
Follow these steps and get in touch with our experts for further assistance share your plan and scope of projects at [email protected], and we will send you back a quote within 45 minutes.
Step 1: Share your project details like budgets and takeoffs at [email protected] by Google Drive, Dropbox, or another method.
Step 2: We acknowledge that your information will be in safe hands and our experts will through analyze your project information and get back in touch with you as soon as possible.
Step 3: Our team will prepare a detailed project takeoff and cost estimate and an Excel file of the detailed estimations with a PDF explaining the terms.