Estimating Flashcards
1
Q
What are the steps to estimating?
A
- Confirm document package is complete and accurate
- Review systems and required quotes/vendors; issue bid packages.
- Read specs
- complete takeoff
- enter quantities into estimating software
- Summarize labor and materials & review incoming sub & vendor quotes
- Review for completeness and accuracy with team.
- make any modifications
- Submit
2
Q
Keys to good estimating?
A
- Thoroughness
- Accuracy and detail oriented
- Understand proposal (RFP/RFQ) requirements
- Review sub/vendor quotes for scope and exclusions
- Know who your bidding against
- Look for competitive advantages
3
Q
Estimate closeout
A
- Review takeoff drawing package/spec
- Review scope including any items that aren’t clear
- Review exclusions
- Labor production rates
- review general conditions
- Review rates, escalation, markups, etc.
- Review material discounts:
a reduction made from the gross (see 1gross 1b) amount or value of something: such as. a (1) : a reduction made from a regular or list price. offering customers a ten percent discount.
