We will prepare a detailed BOQs (Bill of Quantities) estimate indicating the cost break up like the material cost,labour cost,interior decoration and to on. The estimate will also indicate the type of material to be used in the construction and its cost.
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Accurately Determine Equipment Needs
When creating your project estimate, take time to consider whether is it more cost effective to rent or use your own equipment and small tools. This is especially true if the project will require tools you don’t already own.
You know material prices change, so pay close attention to factors that can affect pricing when estimating costs.
- Is demand high for a specific material or product?
- Do you have specific delivery challenges?
- Is the product or material custom?
- Do you need the product or material faster than the manufacturer’s normal turnaround time?
- Are there seasonal limitations that dictate logistics and adjustments to price?
It is also key to understand material availability and any potential scheduling delays that will have cost implications if you don’t order the materials on time. If products will have a long lead time, consider that when bidding and know you’ll need to plan accordingly during construction.
Similarly, are there products specified on the project you’re not familiar with? Perhaps the architect has selected prefabricated components or modular products. Understanding how these products are installed and the labor needed (or not needed if certain components are prefabricated) could have cost and schedule implications you’ll want to factor into your bid.