Project Estimating, Conditions & Contracts
Home Remodeling Estimating Resources. Estimating is part art, part science. As an estimator you must consider many factors, including access, crew productivity, special techniques, special abilities, temperament of the owner, and or how busy the contractors and sub-contractors may be. Contractors who are desperate for work will bid much lower than contractors swamped with work. Material prices with suppliers fluctuate differently during boom periods and off season periods. Furthermore putting a good estimate together is like putting together the pieces of a puzzle. It is important to note that the more specific the details, scope of work and measurements will be the more accurate the estimate. The more specific the item, the more exact the price will be. The more general an item, the more assumptions must be made. Below are some extremley important areas to pay atention to when starting any remodel or home improvement project.
- Material Costs
- Labor Costs
- Equipment Costs
- Time & Material Pricing
- Unit Pricing
- Allowance Pricing
- Adding a Contingency
- Do you need a permit?
- Difference between a General Contractor, Contractor or Sub-Contractor?
- Should the contractor have insurance? Should you get proof?
- The Contract. Who provides this? Do you even need one?
- General Conditions
- What types of payment terms are fair?
- When should the final payment be made?
- A punch list what is that?
- What should the warranty be?
- Certificate of Completion? Do you need this?
- How do you develop a schedule and a project timeline?
