article thumbnail

Harness the Power of Estimating Data to Grow Your Business

Construction Business Owner

Harness the Power of Estimating Data to Grow Your Business ccapoccia Sun, 08/27/2023 - 12:23 Estimating is the foundation of every profitable construction business. But if you’re submitting bids without analyzing past project data, you’re missing out on valuable insights to prepare the most accurate estimate.

article thumbnail

The Importance of Accounting Estimates in an Uncertain Economy

Construction Business Owner

The Importance of Accounting Estimates in an Uncertain Economy ccapoccia Tue, 05/16/2023 - 13:49 “A journey of a thousand miles begins with a single step,” was the saying of Lao Tzu, an ancient Chinese philosopher. These estimates provide management with a foundation to effectively interpret costs, profitability and bid processes.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Cost Estimating, Location Factoring, and National Average Cost Data

Job Order Contracting

Many in the public sector are unaware of the construction cost estimating issues caused by the use of national average cost data and location factoring. They are not intended to be used when preparing appropriation-quality estimates. Here’s short summary of those problems noted by independent third parties. Peitlock, B.A.,

article thumbnail

What to Look for When Shopping for Construction Estimating Software

Construction Business Owner

What to Look for When Shopping for Construction Estimating Software. Tips to help you choose the right estimating software. Estimating software has become a necessity for contractors looking for a faster solution for their estimating and bidding. Estimating. foundation software. Greg Ragsdale.

article thumbnail

Line Item Construction Cost Estimating – 2020 and Beyond!

Job Order Contracting

Detailed line item construction cost estimating is a prerequisite to obtaining best value outcomes for facilities / built infrastructure repair, renovation maintenance, sustainability, and new construction projects. A locally researched detailed line item construction cost estimating database plays a key role in this regards.

article thumbnail

What is Construction Estimating?

Chianelli Estimating

What is Construction Estimating? It’s up to a construction estimator to determine the estimated cost of a construction project. What Does a Construction Estimator Do? This is called quantity takeoff , which is at the heart of construction estimating. What is the Purpose of Cost Estimation?

article thumbnail

What Are Construction Cost Estimates | Types of Construction Cost Estimates | Purpose of Preparing a Cost Estimate

CivilJungle

What Are Construction Cost Estimates? The construction cost estimate is defined as the predicted cost required to complete the construction of any particular project, which is prepared before the construction works are taken up. Purpose of Preparing a Cost Estimate. Types of Construction Cost Estimates. Detail Estimate .