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Compare Past Estimates. Take a look at your estimates for similar past projects. ... Calculate Material Costs. Now put together a list of materials you'll need for the home remodeling project. ... Estimate Time Required. ... Calculate Labor Costs. ... Accommodate Specialty Costs. ... Add Your Markup.
Your estimate should include a line-by-line description of the work you expect to perform if your client accepts your estimate. Be clear and include all work the client has asked you to do for the completed project. Add in any materials you need to purchase and the number of items you expect to use.
Try Google Docs Estimate Template for Your Needs There's an array of perks when it comes to using invoice or estimate templates, be it Google Docs or any other formats.
To help you do this, we've put together a step-by-step guide below. Review The Scope of The Project. ... Provide a rough timeline. ... Determine What Work You Need to Subcontract Out. ... Put Together an Estimate of The Cost of Materials. ... Check Out The Competition. ... Outline Your Terms And Conditions. ... Make Your Estimate Professional.
Estimate-n, 1) a rough calculation based on incomplete data. 2) a preliminary statement of the approximate cost for certain work. 3) a judgment or opinion. Contractors generally provide a firm price for their work, unless they are among those who work on a time and material or cost plus basis.