The approximation of the cost of a program, project, or operation is called the Cost Estimate. The cost estimating process results into cost estimate. It consists of a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.
General cost estimates include – Construction cost, Facility operation cost, Facility maintenance and repair cost, Facility rehabilitation and renewal cost, Facility retirement cost, etc. Cost estimates are to be done by material take-off and making part-wise estimations. The procedure requires studying the drawings and documents of the project. It involves large amount of calculations. Taking out rate of each entity and making the sums to find the overall estimates.
This seems like a big task consuming a lot of time and energy. We suggest you to go for Excel worksheet. It makes your work faster and easier. Estimation accuracy increases making the profits more attractive. The constructors and contractors can take the advantage of this sheet to calculate the estimates using built-in general construction cost database covering all cost groupings of construction. In addition to this, the cost database is editable, so you can manipulate it according to the market requirement.
Using this prepared auto-functioned excel sheet, the complete construction cost estimation becomes quick exercise. Gone are the days when the calculations and estimations were done manually. Computerised excel sheets are more convenient. The sheets are customizable, flexible and user-friendly. The local cost data are updated quarterly. The cost data includes all standard construction cost categories. You have the flexibility to create your own cost category. The efficiency and the accuracy is of utmost importance.
Download the excel Sheet for General Cost Estimation from this link: https://shortll.com/Cost-Estimator
Download Free ESTIMATING WORKSHEET (.doc) for a printable “read-only” estimating worksheet.
Download Free ESTIMATING CHECKLIST (.pdf) to help with accurate estimating