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The Ultimate Guide to Construction Estimating Types

Updated: Dec 5, 2023


Construction Estimating Types


When it comes to construction estimating, choosing the right method can make a huge difference in the success of your project. Each method has its own strengths and weaknesses, so it's important to understand them all before making a decision.


The Square Foot Method is a straightforward way to estimate the cost of a construction project based on the size of the building. It's often used for simple, rectangular buildings, but it may not be as accurate for more complex structures.


The Assembly Method is a great way to break down a complex project into manageable parts, which can make the estimating process easier. However, it does require a more detailed understanding of the project, and it can be time-consuming to price each assembly.


The Unit Cost Method is ideal for estimating the cost of specific items or components of a construction project. It can be very accurate, but it does require a detailed understanding of the project's materials and specifications.


The Cost Plus Method can be a good choice for contractors who want to ensure they make a profit on a project. However, it can be risky, as unexpected costs can eat into profits.


Finally, the Lump Sum Method can provide a fixed cost for a project, which can be reassuring for clients. However, it requires a thorough understanding of the project's scope, and unexpected costs can lead to the contractor losing money.


Ultimately, the best construction estimating method for your project will depend on the unique circumstances of your project. That's why it's so important to work with an experienced estimator who can help you navigate the estimating process and choose the best method for your needs.

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