Residential Construction Estimating Know How

Estimating a residential construction job is very different from a commercial job. Often the contractor is frustrated with collecting data to create an estimate that is low enough for them to win the bid and high enough for them to make a profit.

before a contractor even begins the project it is a good idea for him or her to look at the area that will be built upon to make sure that there are no environmental hazards, or that there are no structures that may have to be taken down. These factors not only cause delays, they can cost additional money.

when a contractor is creating an estimate he or she must take into consideration create a quote for all aspects for the estimate.

A residential estimate is comprised of many more factors than a commercial estimate. A contractor must create his or her estimate from small quotes on different parts of the construction job.

All materials that will create the residence need to be taken into consideration. this includes all of the labor and materials for foundation, heating and cooling systems, framing, and flooring. All machinery that is needed for this work also needs to be incorporated into the estimate.

The interior and exterior of the residence also needs to be figured into the estimate, as well as windows and doors, along with all of the materials and labor that it will take to complete the job.

Electrical and plumbing work also needs to be incorporated into the estimate, along with anything that may be needed to complete the job on time including adding outlets, lighting fixtures, waterlines, and fixtures for all of the sinks in the house.

Appliances are a big expense, and there are a few such as a stove, refrigerator, dishwasher and garbage disposal are all considered standard appliances for new homes. If more appliances are needed, they can be added later at an additional cost.

There are many different variables to estimating residential construction. Therefore, residential estimates are not as precise as commercial estimates. Often a contractor will include a contingency clause into the estimate to allow for changing market conditions. When a contractor out source’s the work to be done, he must have these fees written into the estimate.

There may be other tasks that a residential construction job may require such as cleaning up the site and ready for building, landscaping, demolition of existing structures, and obtaining permits and paying fees to the city or town. These costs must also be incorporated into the estimate, therefore it is critical that you know what is expected of you before you submit the estimate.

Only after the contractor has all of this information can he or she draw up an accurate estimate that is nearly perfect. There are a lot of things that a contractor has to do to get a job ready and up and running, having a solid plan and following it will assist in the job going off without a hitch and keep it on schedule.