Cost Estimating

Simple and Comprehensive

Energy wise residential remodeling has many variables, so a simple yet comprehensive system for job cost estimating is crucial to selecting properties and enabling the kinds of energy retrofits that will increase your profit potential. 

For initial evaluation, there are several factors to consider.  For in-depth analysis there are a variety of free and/or economical software solutions, from Excel spreadsheets and Google Docs to SmartSheets and CostEstimator,  to assist your establishing and reviewing a budget.  GEE provides articles and posts, webinars and videos designed to make on site and in office calculations easy and accurate.

 

Importance of the Cost Breakdown

Keeping accurate records of hard and soft costs can mean the difference between profit and loss. Here are a few key points to consider:

1.  It’s hard to hit a target that you dont have. “Surprises” are almost never in the happy direction.

2.  It’s hard to hold your crew and subcontractors to a budget unless you really have one.

3.   Your team will enjoy beating budgets and timelines and you’ll enjoy rewarding them for excellence.

4.  You must always know your exit before you enter.  The cost breakdown connects the two and gives you a measurement of how your plan is working.

Tracking expenses by Cost Codes is crucial to quickly and consistently identifying expenditures.  The numbers and category titles vary from system to system.  GEE’s are the following:

1.   DEMO & TRASH HAUL     2.  LANDSCAPE     3.   CONCRETE    

4.   FENCES/GATES     5.   POOLS & SPAS     6.  FOUNDATION REPAIR     

7.  EXTERIOR CARPENTRY     8.  PLUMBING    9.  EXTERIOR ELECTRICAL 

10. ROOF/GUTTERS/CHIMNEY     11. WINDOWS     12. STUCCO, DASH & MASONRY

13. GARAGE DOORS/CARPORTS     14. EXTERIOR PAINTING    

15. INTERIOR ROUGH CARPENTRY     16. INTERIOR ROUGH  ELECTRICAL     

17. INSULATION & SEALING    18. HVAC     19. DRYWALL & PLASTER

20. INTERIOR CARPENTRY     21. COUNTERTOPS     22. INTERIOR PLUMBING 

23. CERAMIC TILE     24. INTERIOR PAINT & RESURFACING

25. ELECTRICAL FIXTURES     26. MIRRORS     27. FLOORING 

28. APPLIANCES     29. HARDWARE & SUNDRIES     30. MAKE READY TO SELL 

Other Costs    Contingency 10%    Insurance    Utilities    Taxes

Interest    Other    Total

In regards to keeping track of costs there are few choices.  Notebook and/or  Checkbook.  Excell SpreadSheet and or Google Docs. SmartSheets and/or Specialty Construction Software.  QuickBooks or other accounting software.

In all cases you will want to cost code all expenses, from hours worked to Home Depot purchases according to your cost code list and the address of the project. Good rules of thumb is to open a business checking account named with the address of the property.  Get wallet sized checks with carbon copies.Discipline yourself to pay everything with those checks. Your CPA will love you. When the house is sold, close out the account and start another one for the next house.

You want to minimize hourly labor by using quali?ed subcontractors as much as possible.  But if you have any hourly labor design a custom time card that makes it easy for employees to give you the correct information. Most hourly employees will work for the subs or the  general contractor.   The general contractor will probably have a similar system. Time Cards with cost coding are to be done daily.  After the end of the day the memory seems to fade.  (This memory fade almost never results in a lower or more accurate number).

We have found it best to subcontract as much work as possible.     This is really the only way to control your costs.    After all the bids are in, you will know your costs almost exactly and your pro?t–(if you sell the project as you have planned)

Subcontract all the “Big Chunks” of work HVAC, Roof, Concrete, Tile, Granite, Paint, Windows, Drywall, Insulation, Stucco, Plumbing, Electrical, Floors, Landscape etc. Then Contract a “General Contractor” to supervise all the subs in and does all the rest of the smaller jobs.  This should be a ?xed number so that all your costs are then ?xed.

The General Contractor, either himself or with his employees, does everything not done by subcontractors.  Some examples might be: (some of these might be subs) Board-Up and Re-Keying, Demolition and haul to Re Store Finish Carpentry, doors, casing, base, crown etc. Cabinet install,  Hardware install Appliance Install, Mirrors, Fixtures And mainly supervise all the subcontractors.

 

Additional Cost Estimating Information

Click a link below to view post

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Examine On Spoken English Expertise shmoop.pro – Of Engineers.

Examine On Spoken English Expertise Of Engineers. It's a cliché: learn the foundations before breaking them. If you have a member of the family you could name or chat to a few occasions per week to practice your talking skills within the language, this assist you a large number earlier than the large day. These tools aid you polish every piece you write, avoid self-repetition and distribute your freshly cooked posts on social media. Tired of it lengthy before your readers do. Learn books: Books are indeed your greatest pals in the case of learning English. English Grammar Rules. The very best...Continue Reading!

Simple tips to Reject a Girl Scout Selling Cookies without having to be a Total Jerk

Simple tips to Reject a Girl Scout Selling Cookies without having to be a Total Jerk Yes, we all like Girl Scout Cookies. no, we cannot purchase every solitary package. Ding dong, it is a lovely girl that is little a green sash… seeking to bring your cash and material you with fattening snacks. Those dreaded (and delicious) Girl Scout snacks are for sale your location at this time because — yes, it is nevertheless Girl Scout cookie period in the usa, also you were willing to eat this year though you probably already...Continue Reading!

Rational Group Confirms Zeno Ossk Royal Vegas Casino Real Moneyó’s Appointment as BetStars’ Managing Director

Rational Group Confirms Zeno Osskó's Appointment as BetStars' Managing Director Mere hours ago, Rafi Ashkenazi, the principle Executive Officer of Rational Group royal vegas casino no deposit codes announced that company's online sportsbook BetStars is to have a new Managing Director. Zeno Osskó would be to simply take within the part in the middle of September. He will relocate to the Isle of Man where the headquarters of BetStars is located. He will result in overseeing the overall performance associated with sports gambling features BetStars launched by the end of 2015. Mr. Osskó is no stranger to...Continue Reading!

Whenever could be the Tom Holland Sp that is third >

Whenever could be the Tom Holland Sp that is third > Sony and Marvel are forging ahead with another film, even with their big falling out in clumps After the surprise break down of Sony’s cope with Marvel and Disney, the top studios are determined to produce one final Spider-Man film together – however when should we expect it? What’s going to take place in this hypothetical “Spider-Man 3” (no, perhaps not the main one with Topher Grace additionally the jazzy dancing), and certainly will it nevertheless be the main movie...Continue Reading!

Things You Won’t Like About Small Winter Sweaters Secrets and Things You Will

Crochet cardigans usually are exclusively for pups! Therefore, let's understand the best way to select the ideal sweater and which sorts of them can be found. Contemplating a canine's usually form and anatomy, doggie sweaters are often loose and versatile, making them easy to slide previous a dog's head and body. Puppy cardigans arrive in a great deal of substances and with distinct features which can be good for unique settings, temperature ranges, and actions, therefore it's vital to consider the pet's day-to-day uses and the particular sweater will probably be employed for...Continue Reading!

The Appeal of Orthopedic Dog Beds Discovered

Some furniture are made with full sheets of froth while some are full of shredded areas of foam. This bed can be genuinely blessing due to the brilliant quantity of loft and support it provides. Showing you the difference among those which happen to be truly orthopedic and those facilities that are not will probably be useful and help you save profit the long term. This bed definitely will aid your puppy keep off the ground, and steer clear of unsafe insects. Since these mattresses are available in different sizes as stated earlier, you might have...Continue Reading!

Ideas, Formulas and Shortcuts for World Wide Gps Dog Tracker

The system itself isn't very tiny. That means you must charge the tracker more often. Spy Technical STI GPS NAVIGATION tracker can also be used for a great deal of things. The gadget uses RFID technology (Radio-Frequency Identification) and should always be scanned to be able to extract the distinctive microchip number. A motor vehicle tracking device is essential as the more compact cars, bikes are stolen as well as the GPS monitoring system contains the capability to guard your vehicle, bicycle or any...Continue Reading!

It took just four times for the Israelis to recapture Tiran and also the Sinai that is entire Peninsula

It took just four times for the Israelis to recapture Tiran and also the Sinai that is entire Peninsula 3 months later on they certainly were forced under US force to evacuate the Sinai, but Ben-Gurion exulted inside their hour of glory, which, he bragged within the Knesset, had returned the Jews into the spot where that they had gotten the Torah. ‘You have extended a hand to King Solomon,’ Ben-Gurion told the troops in Sharm el-Sheikh. Meanwhile, almost fifty civilians that are palestinian the town of Kafr Qasim, close to the Jordanian edge, had simply been murdered...Continue Reading!

Births, fatalities and marriages

Births, fatalities and marriages Learn what’s needed to get hitched in Amsterdam, register the delivery of the son or daughter, or make a death certification. Engaged and getting married in the Amsterdam Area If you’re about to get hitched or enter a registered partnership in the Netherlands, you’re needed to inform the local municipality of one's plans – typically at the very least six days prior to the ceremony. Make a scheduled appointment to provide notice of the intention to marry at your City workplace. Residents of Amsterdam can read ...Continue Reading!

Perform some plunge is taken by me personally and get him asain mail purchase brides?

Perform some plunge is taken by me personally and get him asain mail purchase brides? Or can I end it, because I’m a terrible asshole for having such overwhelming doubts about this guy that is fundamentally great? And that is fine. For several I know, your hilarious, caring, sexy man is an excellent man, despite their flaws. All the tasks we do together reflect their interests, which weirdly I have simply started doing in the place of suggesting my really own activities for us. (Yes, I will be seeing a therapist.) He’s vegan and I also’m not, now...Continue Reading!

 

Copyright © 2019 New Site For Green Earth Equities     Log in     Design by Real Estate Tomato     Powered by Tomato Real Estate Blogs

Powered by WishList Member - Membership Software