Construction cost estimate template is used to provide an estimates of total construction cost i.e. give a breakdown of project cost to the clients. This type of template is often used by builder when it comes to calculate the estimate of construction cost and give a construction budgeting proposal to clients. Construction estimates are asked by the client and it’s the job of a builder to provide the estimates.
Through this page, you can choose to download construction estimate template. Different type of templates are shared here, learn how to use them, understand why they’re important, and understand which template is best for you.
Construction Cost Estimate Templates
What is a construction cost estimate template?
A construction cost estimate template is a document that is used to give breakdown of cost that will go into a building or construction project. There are a lot of expenses involved in a construction project and through this template all those expenses are calculated and an estimation is provided to the client. It is absolutely necessary to calculate the estimated cost of a project before starting a project.
A client asks for estimation cost from different builder and go with the one that suits the client’s requirement. As a builder, you must know how to properly estimate the cost of a project. These days construction cost estimate templates are used to speed the process and yield efficient results.
Different types of construction cost estimate templates
1. Simple construction cost estimate template
This a pretty straightforward template that allows you to focus on the project’s costs. The client’s name, company’s name is provided along with the contact information.
2. Hourly work estimate
This template is used to estimate how many hour of work is required to complete the project and how many employees or worker will be working on the project. This template comes in handy when it comes to plan out employees working schedule.
3. Budgeting template
This type is used to estimate the budget of the entire project. There are rows where you can write down the estimated cost and the actual cost after the project is finished. The actual cost should be near or match with the numbers of predicted cost.
4. Materials template
Material is required to complete the construction project. This template is specifically used to understand what type of material is required, how much is required, and what would be the cost.
5. Daily report template
This template allows to keep a check on the daily progress of work. It is absolutely essential to keep a track of daily work to ensure work is going as per planning so that the final goal can be accomplished within the decided deadline.
Free Construction Cost Estimate Template
Why are construction cost estimate templates important?
A construction cost estimate template gives an idea of how much money is required, how much material is required, how many employees will be a part of the project, and what will be the deadline of the project. These estimation are required before starting any construction project. Plus, there should be plans for problems that may arise during the project be it weather condition, etc.
When it comes to making construction cost estimate, you must understand the two different type of costs that are there in a construction project i.e. direct costs and indirect costs
Direct costs: These are the expenses which are directly related to the project’s building such as labor, material, equipments, etc.
Indirect costs: These are the expenses which you encounter during construction that don’t directly affect the project’s completion such as legal fees, security fees, etc.
Conclusion
A construction cost estimate template is one of the most important tool that is used to calculate the cost of a construction project so that estimates could be given to the client. If you are a builder or working in a construction field then you must be familiar with construction cost estimate template and learn how to use them to bring out the most accurate estimation costs.