10 Comments
Customer Reviews
Selling, pricing, or constructing a property might be a regular daily routine for a real-estate professional, but it is not the same for their customers. You will try to sell the deal by explaining the perfect location, interior, what color walls would have, the floor would be marbled or plywood, and what electric and plumbing equipment would be used. However, the first thing they will ask, after listening to and analyzing all your offerings, is an estimated cost of the project.Â
Whether you like it or not, your answer to this question and how well you will explain it decide the future of your client-dealer relationship. A document that will help you present your answer in the most professional and comprehensive way possible is the construction estimate.
The Nitty-gritty of The Construction Estimate
A construction estimate is a prediction/rough calculation of the costs that will incur during a real-estate project. It is a crucial document in the planning process. It helps project managers and stakeholders/clients to enlist & analyze the resources required for the successful and desired completion of the project.Â
This roughly prepared and unofficial project document includes a detailed breakdown of the cost of materials, labor, and other resources, as well as a total projected cost.Â
There are three main uses of a construction estimate:
- Planning: It helps project managers and stakeholders enlist and plan for the resources required to complete the project. This includes determining the materials and labor needed, as well as the overall project budget.
- Budgeting: A construction estimate is used to create a rough or lump-sum budget for the project and helps ensure that the project stays on track, especially its costs.
- Decision-making: It helps the owners/contractors and clients determine the feasibility of the project and whether it is worth proceeding with the work.
Customizable Construction Estimate Templates
Almost all elements of a construction project — labor, resources, equipment, and phases are similar. What differs is the magnitude, time, and cost of these in each project or type. In spite of creating the estimate from scratch every time, using a pre-designed format will save time and money. Our pre-designed construction estimate templates will help you standardize the process and layout of this document for each type of project — residential, commercial, institutional, etc. Expert has curated these designs after extensive research of the real estate industry. Each one of these will ensure that you do not miss anything while deciding the budget for the project, and not a single drop in your profit will fall through the cracks.
Let’s explore these designs and find a suitable one to create a construction estimate for your next project!
Bonus: Cost estimate PowerPoint Presentation Deck
Use this presentation deck to explain the process and strategy of cost estimation to your project managers and team members. It will help you illustrate how to offer your customers relatively low prices to stimulate demand, gain market share, and win customer trust. You will be able to present cost strategy, estimation, customer-product profitability analysis, customer profitability analysis, planning, and decision-making with this PPT set. Get it now!
1. Overall Cost Estimation Template for Construction Project
Constructing a house/property is a significant life-changing decision for clients in terms of finance and stability, so they plan it out almost their half/entire life. Use this template to help your clients get through the most prolonged part of this planning — finance. Share pre-construction, procurement, construction, commissioning, owner occupancy, and project closeout details with clients using this PPT graphic. Grab it today!
2. Construction Project Estimation And Budget Projection Template
While you want to seal your deal with features, your clients want to know what they need to pay to make their dream a reality. This template will help you answer their question about expenses as soon as they ask. It consists of information on administrative, financing, and legal fees, along with plans & subscriptions. Share the overall budget, actual expenses, and significant cost change with clients using this presentation template. Get it now!
3. Preliminary Construction Cost Estimate Presentation TemplateÂ
Buying/building a house is nothing like walking in the park. It needs a lot of preparation for buyers, especially with funds. They would like to know beforehand how much they have to spend vs. what they have saved. Take the help of this PPT design to help them get a cost estimate and plan for future finances. It provides data regarding project phases and their expenses, estimated hours, developers’ & analysts’ costs, total costs, and start & end dates. Download it today!
4. Construction Estimate Template for Work Schedule And Proposal
One reason to use a construction estimate is that it allows you to negotiate with clients on project costs. It helps you present a visualization of expenses, set the budget right, and prepare a rough work schedule. This template will help you write a construction estimate that includes costs for consultation, equipment, labor, permits & fees, sub-total, applied taxes, and terms & conditions for payment. Get it now!
5. Construction Estimate Cost Template For Bid Proposal
Construction estimates are tools/documents for initial relationship building used by real estate professionals. If presented right, this document will help you win a loyal client. With the help of this PPT design, you will able to create a client-winning construction estimate that explains the expenditure for labor, construction equipment, materials, and permits. It will help you write important terms & conditions for the initiation and completion of the project. Grab it now!
6. Construction Estimate And Costing Proposal Presentation TemplateÂ
Two equal but opposite forces drive the real estate business with godspeed. First, buyers need/desire to buy or build a decent shelter/office at a minimum cost. Second, dealers’ substantial monetary benefit out of the real-estate projects. A construction estimate is a document that maintains the balance between these. Use this PowerPoint Layout to design a construction estimate with all essential elements like the cost of consultation, equipment, material, and labor. Download it now!
7. Construction Project Quarterly Budget Estimate Template
The initial bargain of prices with the client is a proven competitive advantage for the contractor/dealer/seller. It helps in rapport-building and registering credibility. Create a construction estimate using this ready-to-use PPT Template that divides year-long projects into phases/quarters and gives you more detailed forecasts of expenses. It will help you balance the budget for each quarter/phase, elements, and overall project by dividing the costs over time. Download it now!
When you are working on long projects, your clients/managers/stakeholders always ask for timely reports to know the progress. Find eye-catching and comprehensive quarterly report templates in this guide for different industries and make communication easy.Â
8. Construction Estimate And Strategic Management Template
A real-estate business without profit is a charitable housing project. While building a strong customer relationship using negotiations, you must know the minimum (cost) limit to save the business from running dry or unprofitable. This template will help you write a construction estimate that will assist you in negotiating strategically with clients. It compares and tracks changes in real-estate performance indicators like incident rate, equipment & labor downtime, construction documentation issues, management efficiency, and labor productivity. Get it now!
9. Construction Cost Estimate Template for Process Proposal
Construction estimate is a document that will help you show customers not only prices, adjustments, and profit margins but also your efforts and mighty heart to provide the best. Prepare a construction estimate with this PPT Template that will help the clients learn about their future investment and your efforts to make their dream come true. It has information on projected prices of consultation, workforce, resources, and tools. You can add a picture of the final product in the given space to create an element of pull. Get it now!
10. One-pager Construction Estimate Template for Resource ManagementÂ
Handling a real-estate project without budget planning always has the risk that things will run wild and out of profit. This construction estimate template will save you from a disastrous situation by checking the cost of the most volatile but essential element — the workforce. It contains a table where you will add the estimated hours per month of different team members like project managers, consultants, architects & planners, machine operators, and so on. State the approximate rates per hour for each service class to make the calculation easy. Grab it now!
Last Words
Creating and explaining a construction estimate before starting a project is never a deal of loss. It helps owners/dealers/clients/stakeholders/project managers understand the project cost, resources required, feasibility, and analysis of their financial bandwidth to proceed with the project. While creating this document, you don’t want to make a mistake or leave a component unchecked and give clients a wrong estimate of the project cost. An error in this preliminary document can also dent your overall construction plan. Therefore, we recommend our expert-designed and all-inclusive construction estimate templates to create this project document like a professional without missing anything of substantial cost.
Pick your favorite design and get it by clicking on the image or the download link below it and start your next construction feat today!
P.S. Want a more customized design that matches your style or contains elements required by you? Reach out to our presentation service team, explain your requirements, and get it customized for your use!
FAQs on Construction Estimate
1. What are the 3 main types of estimates?
Different types of estimates are commonly used in the construction industry. The three main types are:
- Preliminary estimates: Also known as conceptual estimates, these are used early in the planning process to provide a rough idea of the costs for a construction project.Â
- Detailed estimates: These estimates provide a more precise prediction of the costs. They are based on factual information, such as detailed construction plans, and are used in the budget planning of the project.
- Bid estimates: These are used when a construction project is put out to bid. Contractors submit their estimates for the work, and the project is awarded to the contractor who provides the most competitive/minimum bid.
Other types of estimates in the real-estate industry are cost-plus estimates, unit price estimates, ballpark, budgetary, and definitive.
2. What does a construction estimate include?
A construction estimate includes a detailed breakdown of the materials, labor, and other costs that are expected to be incurred during a construction project. The specific items included in a construction estimate vary depending on the project, but common items include:
- Materials: Include a detailed breakdown of the required materials, such as lumber, concrete, and fixtures, along with the quantity of each material and cost per unit.
- Labor: The construction estimate will enclose a breakdown of the labor costs for the complete project. This contains the cost of hiring workers and subcontractors to perform specialized tasks. Details of the number of hours/days and the rate that will be paid are also included.
- Other costs: This could include renting equipment, such as excavators or forklifts, permit fees, and paying for inspections.
Overall, a construction estimate is a detailed breakdown of every possible expense during a project to provide a clear understanding of the resources required for the completion of the project. It is an important tool for planning, budgeting, and decision-making.
3. What are the five 5 main stages of an estimate?
Preparing an estimate can be divided into five simple stages. These are:
- Planning: During this stage, project managers and stakeholders gather information about the project, including the scope of the work, the location, and the timeline. They also identify potential challenges or constraints that may affect the project, such as difficult site conditions or tight budgets.
- Research and data collection: Project managers and estimators gather/prepare detailed information about the project, such as construction plans, specifications, and pricing information for materials & labor.
- Estimate preparation: It involves organizing the information that has been gathered and using it to create a detailed breakdown of the project costs. The estimate may be prepared using specialized software, manually using spreadsheets, or other valuable and cost-efficient tools like SlideTeam’s construction estimate templates.
- Review and approval: During this stage, the estimate is reviewed by project managers, stakeholders, and other relevant parties to ensure that it is accurate and complete. Necessary revisions or adjustments are made, and the estimate is approved.
- Implementation: Once the estimate has been approved, it is used to guide the project and to ensure that it stays on track financially. It is used to monitor costs and make necessary adjustments to keep the project within budget.
![Top 17 PowerPoint Templates to Document a Construction Plan [Free PDF Attached]](https://www1.slideteam.net/wp/wp-content/uploads/2022/03/1013x441no-button-17-1013x441.jpg)
![Vital Elements of a Construction Company Business Profile [With Template] [Free PDF Attached]](https://www1.slideteam.net/wp/wp-content/uploads/2022/07/bloggg-144-1013x441.png)
