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Construction Bid Estimate Handbook + Template
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About Construction Bid Estimate Handbook
This essential handbook offers a thorough guide to creating accurate and competitive bid estimates. Covering everything from understanding bid estimates and preparing comprehensive bid packages to managing costs and mitigating risks, it provides practical insights and strategies.
With detailed advice on improving bid proposals, and navigating post-bid activities, this resource is designed to help contractors succeed in the competitive construction industry.
PDF Format
Introduction
- Purpose of the Handbook
- How to Use This Handbook
- Benefits of Accurate Bid Estimating
Understanding Construction Bid Estimates
- Definition and Importance
- Types of Construction Contracts
- Overview of the Bidding Process
Preparing for the Bid
- Initial Client Consultation
- Reviewing Project Plans and Specifications
- Site Visits and Assessments
Components of a Bid Estimate
- Direct Costs
- Labor Costs
- Material Costs
- Equipment Costs
- Indirect Costs
- Overhead
- Contingencies
- Profit Margins
- Subcontractor Quotes
- Direct Costs
Common Mistakes to Avoid
Cost Estimating Techniques
- Detailed (Bottom-Up) Estimating
- Parametric Estimating
- Analogous Estimating
- Three-Point Estimating
Labor Cost Estimation
- Calculating Labor Hours
- Determining Labor Rates
- Accounting for Overtime and Holidays
Material Cost Estimation
- Sourcing Materials
- Pricing Materials
- Allowances for Waste and Overages
Equipment Cost Estimation
- Owning vs. Renting Equipment
- Depreciation and Maintenance Costs
- Equipment Utilization Rates
Indirect Costs and Overhead
- Definition and Examples
- Allocating Overhead Costs
- Managing Indirect Costs
Risk Management and Contingency Planning
- Identifying Potential Risks
- Estimating Contingency Reserves
- Mitigating Risks in Bid Estimates
Review and Quality Control
- Double-Checking Estimates
- Peer Reviews
- Using Software Tools for Accuracy
Post-Bid Activities
- Following Up on Submitted Bids
- Handling Bid Rejections
- Negotiating and Finalizing Contracts
Case Studies and Examples
- Analysis of Successful Bids
- Lessons Learned from Unsuccessful Bids
Appendices
- Frequently Asked Questions (FAQs)
About Construction Estimate Template
Spreadsheet Format
ATTENTION: Our exclusive materials is designed and MADE by a team of construction experts! Every template, method, and lesson is drawn from real-world experience managing projects valued up to $100M. Our team very well know what are the daily problems on jobsites!
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FAQ
After a successful purchase, you will receive an email with download link.
Templates are available exclusively for Microsoft Excel and Microsoft Project. Ebooks are provided in PDF format, and audiobooks are available in MP3 format.
All the materials are digital. Books come in PDF format, while templates are in spreadsheet format.
With every template, there will be instructions on how to use it.
All of the documents and templates are fully editable. Some fields are protected with password and it comes with instructions. Password protects cells against unnecessary changes. Trust us it is better to have password to protect cells.
Yes, this is a one-time payment for lifetime access!
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