Estimating

Construction estimating is the process of calculating all of the required costs for a construction project, including direct costs (e.g. materials and worker wages) and indirect costs (e.g. equipment depreciation and office worker salaries). Professional construction estimators perform this essential step in the preconstruction process, which helps ensure that owners and contractors are able to complete a construction project profitably. 

Contractors also depend on accurate estimates in order to prepare bids that are competitive and profitable. 

Financially sound construction businesses have a data-driven estimating process. Job costing data from past projects as well as detailed understanding of indirect and overhead costs enable companies to create estimates and submit bids that are both competitive and profitable.