Estimating Building Costs Few aspects of a construction project are more fundamental than the cost estimate, which can mean the difference between a professionally executed project and a financial and legal disaster. Properly handled, a construction cost estimate can protect both the contractor and the client from losing money on a project. The estimate is the first step toward a successful project. For contractors, therefore, the knowledge required to construct an accurate price estimate is critical. Estimating Building Costs for the Residential and Light Commercial Construction Professional provides this knowledge in a thorough and comprehensive guide. It takes readers step-by-step through the process of constructing a cost estimate, and provides guidance for incorporating cost estimates into budgeting, scheduling, project management, and more. The result is a fundamental guide to this critical aspect of the construction industry. Readers of the third edition of Estimating Building Costs for the Residential and Light Commercial Construction Professional will also find: Fully updated text to reflect the new CSI MASTERFORMATTM 2020 Analysis of cost considerations, quantity takeoff, pricing, and more Step-by-step guidance for developing a comprehensive cost estimate All-new sections covering scope of work, wage scales in the US, and a project overhead checklist Considerations for adding profit and contingencies to an estimate Estimating Building Costs for the Residential and Light Commercial Construction Professional is an essential resource for contractors in residential and light commercial construction, as well as students studying construction management and construction estimating.

How to succeed in the construction business step-by-step guidelines for estimating To be competitive, contractors and homebuilders need to know how to generate complete, accurate estimates for labor and material costs. This book guides readers through the entire estimating process, explaining in detail how to put together a reliable estimate that can be used not only for budgeting, but also for developing a schedule, managing a project, dealing with contingencies, and ultimately making a profit. Completely revised and updated to reflect the new CSI MasterFormat 2010TM system, the Second Edition of this practical guide describes estimating techniques for each building system and how to apply them according to the latest industry standards. Cost considerations and quantity takeoff and pricing are included for virtually every type of work found in residential and light commercial projects, from demolition, concrete, and masonry to windows and doors, siding, roofing, mechanical and electrical systems, finish work, and site construction. Complete with many new graphics and references to professional construction cost databases, the new edition provides experienced contractors and novices alike with essential information on: How to correctly interpret plans and specifications, reflecting updates to contract documents since the first edition Computer estimating techniques and new estimating software for performing quantity takeoff The best methods for conceptual estimating as well as the extremely useful topic of parametric estimating How to allocate the right amounts for profit and contingencies, and other hard-to-find professional guidance How a unit price estimate is built along with labor issues and budgeting for subcontractor work

How to succeed in the construction business—step-by-step guidelines for estimating To be competitive, contractors and homebuilders need to know how to generate complete, accurate estimates for labor and material costs. This book guides readers through the entire estimating process, explaining in detail how to put together a reliable estimate that can be used not only for budgeting, but also for developing a schedule, managing a project, dealing with contingencies, and ultimately making a profit. Completely revised and updated to reflect the new CSI MasterFormat 2010TM system, the Second Edition of this practical guide describes estimating techniques for each building system and how to apply them according to the latest industry standards. Cost considerations and quantity takeoff and pricing are included for virtually every type of work found in residential and light commercial projects, from demolition, concrete, and masonry to windows and doors, siding, roofing, mechanical and electrical systems, finish work, and site construction. Complete with many new graphics and references to professional construction cost databases, the new edition provides experienced contractors and novices alike with essential information on: How to correctly interpret plans and specifications, reflecting updates to contract documents since the first edition Computer estimating techniques and new estimating software for performing quantity takeoff The best methods for conceptual estimating as well as the extremely useful topic of parametric estimating How to allocate the right amounts for profit and contingencies, and other hard-to-find professional guidance How a unit price estimate is built along with labor issues and budgeting for subcontractor work

"Means catalog no. 67343"--P. [4] of cover.

"The all-in-one reference that lets you establish a standard for workmanship, quickly resolve disputes, avoid defect claims ... and much more!"--Back cover.

This pocket-sized book is a concise guide to the basics of estimating construction costs for residential and light commercial building projects. It provides a step-by-step guide to estimating the total cost of a construction project. It takes readers through five phases that lead to a successful estimate: initial assessment, work analysis, programming, costing and cost distribution and summarization. The book's primary targets are small contractors; however, the principles set forth in the book are applicable to all contractors. The book could also serve as a textbook for estimating classes in construction management programs at universities and community colleges. The last section of the book provides useful but not readily available information for estimators on diverse topics, e.g., detailed information about Value Engineering, scheduling, subcontractor selection, bid summarization, and so on. An extensive glossary of construction terms is also included. Readers in all construction capacities will find: * A new, fresh look at the often baffling and deceptive job of estimating construction costs for residential and light commercial construction * How to assess plans, review bonds, and evaluate the site and the project schedule before beginning a cost take-off * How to integrate a cost estimate into a general accounting program for cost management and eventual billing * Incredibly helpful appendix with common construction standards and measurements--from standards for concrete forms, to nail sizes to commercial lumber sizes, and much more!

Companies live or die on the basis of estimating their costs. Preparing estimates and bidding for new jobs is a complex and often costly process. There is no substitute for on the job training -- until now. Drawing on the authors' combined experience of more than 70 years, Estimating Building Costs presents state-of-the-art principles, practices, and techniques for assessing these expenditures that can be applied regardless of changes in the costs of materials, equipment, and labor. The book is an efficient and practical tool for developing contracts or controlling project costs. The authors cover the major components of the direct cost: estimating procedures and cost trends related to materials, construction equipment, and skilled and unskilled labor. They describe various types of building estimates encountered during the lifecycle of a project, as well as the role and accuracy of each. The book provides an overview of the industry, cost indexes in use, approaches to preparing a detailed estimate, and an in-depth description of the organization and function of the estimating group. Including CSI Master Format and UniFormat codes, estimating forms, a list of available estimating software packages, a detailed construction site and investigation report, the book provides a cost estimating methodology that readers can tailor to their own organizational needs.