By David Pratt
Basics OF development ESTIMATING third variation offers estimating techniques in a transparent and special demeanour explaining the entire approaches of estimating the price of development paintings corresponding to volume takeoff, pricing of the contractor's paintings, pricing sub-trade paintings, pricing website overhead and compiling bid records. This e-book bargains readers thorough guideline at the rules of development estimating and the abilities to develop into a qualified estimator by utilizing drawings for 2 entire tasks - one residential and one advertisement, thereby best the reader in the course of the whole estimating approach which might be utilized in quite a few trades on many differing kinds of building tasks.
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Extra info for Fundamentals of Construction Estimating
Alternative materials, methods, equipment, manpower, and schedules may all be studied at this time with a view to achieving a more competitive bid price. The merits of proposed subcontractors may also be discussed at the meeting, but this may not be possible as the identity of subtrades is often unknown until shortly before the bid is submitted. Perhaps the most important item considered at the estimate review is the amount of fee to include in the bid price. There are many factors to account for when assessing a project fee; this is discussed in some detail in Chapter 15 under bid markup.
All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. CHAPTER 2 — THE ESTIMATING PROCESS AND PRELIMINARY PROCEDURES 27 Ideally every one of the bid documents should be fully examined in this review process; however, chiefly because word processors are now used to generate mammoth specifications, the number of documents in a bid package can be so enormous that some selection is unavoidable.
Many contractors set up a subtrade estimating area in their office where trade estimators can use the drawings and specifications to prepare their own takeoffs. Having a facility like this provides more control over the documents, which tend to get mislaid when they are lent out to trades. Nevertheless, the pressure from subtrades to access these documents often persuades contractors to lend out bid documents, at least over weekends. Designers usually require a cash or certified check deposit from contractors who obtain bid documents, the sum amounting to as much as several hundred dollars on larger projects.