Estimates give clients an idea of the potential costs that a project can incur, and this is particularly important for decision-makers that need to decide whether to proceed with a project or not. Estimated costs based on known market prices are then assigned to every single item on the takeoff to produce a final price tag for each one.Īccurate and timely estimates are one of the most critical components of any preconstruction service. What Is An Estimate In ConstructionĬonstruction cost estimating is the process of forecasting the potential budget required for a construction project based on the following factors:Īt the core of the estimate is the material takeoff which measures all the material quantities based on the scope of work. The estimate templates listed here are fully-customizable, and accessible through Excel or Google Sheets which makes them easy to incorporate into existing preconstruction workflows. In this article, we’ve compiled the most commonly used estimate templates available with links to the download source. Estimators have to contend with various competing deadlines, especially when multiple bids need to be fulfilled - that’s where having a suite of on-hand estimate templates comes in handy. 5 Free Construction Estimate Templates That General Contractors Need To KnowĬreating estimates from scratch is tedious and time-consuming, to say the least, and in the eyes of a good contractor, any time saved is worth its weight in gold.