When Estimating Costs for your projects you obviously want to include the direct labor costs, material costs & equipment costs required to install the work. But it's important to remember the other costs that are not directly related to specific construction activities such as Project Management, Temporary Requirements, Utilities, Cleanup, Etc. These other costs are generally considered General Conditions and are often overlooked or an after-thought when creating an Estimate.
Neglecting to properly Estimate your General Conditions can be risky considering GCs generally amount to 10 to 15% of the Contract Value.
Here's a breakdown of common General Conditions you should consider in your Estimates:
Estimate Adders are all of the extra costs that you need to include in your Estimate to cover Building Permits, Contingencies, Taxes, Insurance, Markup, & Project Profit.
We just launched our new Remodel Estimator 3.0 spreadsheet with a completely revamped user interface, new tools & reports.
Our new Remodel Estimator 3.0 includes a brand new, simple and intuitive workflow to help you quickly and easily estimate costs for your remodeling & construction projects.
We'eve also given all of our Estimate Proposals reports a face lift so you can create professional proposals for your clients.
Welcome to the Remodel Cost Spreadsheet blog.
We will use our blog to post updates about our Remodel Cost Estimating Spreadsheet, tutorials and tips on how to Estimate Remodeling Costs for your Remodel & Residential Construction projects.
Please let us know if you have any questions or feedback!