A construction estimate is a document that serves as an approximation of all costs for planned construction project. It's provided by contractor or construction company and contains information such as project information, scope of work, needed labor and equipment, material prices etc.
As any other estimate, there are several required fields that must be filled such as client's such as the names of the parties involved, necessary dates, an estimate number, a description of the services provided and their costs, and other additional information related to the project.
You can create a construction estimate easily with our construction estimate templates. Just make sure to include all the necessary information, like your business' and the client's name and contact information, the services provided, and their respective prices.
Don't forget to include all the important dates, the estimate number, tax, and discount, if applicable.
You can try the process for yourself in our Free Online Estimate maker, where you can create estimates easily in just a few steps.
Typically, you should send a construction estimate after initial consultation of the project with your client. This consultation or meeting allows you to understand client's requirements, expectations and scope of the work so you can create an accurate estimate. If there are any changes or revisions to the initial project scope, the estimate should be updated accordingly. You should also consider situation when there are some pre-construction requirements such as securing the financing or obtaining permits by a client. In this case, the estimate should be sent in advance in the planning process.
If you're issuing a construction estimate include your business and the client's name and contact information, the services provided, and their respective price. Don't forget to include all the important dates, the estimate number, tax, and discount if applicable.
You can try the process for yourself in our Free Online Estimate Generator, where you can create estimates easily in just a few steps.
Estimating a job is an important part of the construction project and requires thorough analysis during which key points should be considered such as understanding the project scope that are related to requirements and expectations for the job. Next step should be breaking down the project into smaller tasks or components that should help to estimate the project more accurately. Also, you need to quantify materials, labor or tools, consider overhead costs, included any additional fees and you're good to go to present your estimate for your client.
Estimates and invoices are practically the same content-wise, but the main difference is when they're issued. You send customers estimates at the beginning of a project, giving the client an approximation of the price for provided services. Meanwhile, you issue invoices when the project's finished. Invoice contains final price for all the services provided.
With Billdu Invoicing App you can create estimates, invoices and other documents needed for your business with a few clicks. Try it out for 30 days free and take your business to the next level.