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

Ways to get popular among your classmates?

Ways to get popular among your classmates? Do you want to function as the many person that is welcomed your group or perhaps in other groups? I believe that such experience is often good to possess. (more…)Continue Reading!

Choosing The Best Help With This Capstone Venture Writing Service Which Will Assist You To Tackle Your Assignments Easily

Choosing The Best Help With This Capstone Venture Writing Service Which Will Assist You To Tackle Your Assignments Easily Capstone tasks are considered to be among the toughest projects that can be supplied up to a student while they pursue a academic certification. (more…)Continue Reading!

Design de sitios de pacto com os requisitos de negócios

Este momento, a criar site de vendas internet assumiu um papel central e seu papel aumentou no universo dos negócios. Hoje, praticamente as organizações empresariais, enormes ou pequenas, têm 1 site e estão tomando sua presença on-line. É muito importante que um empresário saiba que tipo de website melhor se adapte ao seu negócio e ajude na criação do muitos clientes. Hoje não há carência de sites que estão disponíveis pelo mercado e é visto muitas vezes as pessoas enfrentam problemas na escolha de uma forma de sitio que melhor descreve o seu empreendimento e vai bem...Continue Reading!

School Assignment Support: Essay On Latent Mastering

School Assignment Support: Essay On Latent MasteringIntroducingAndnbsp;among the best web sitesAndnbsp;centered on word documents guidance on line. Our business has theAndnbsp;perfect creating expertiseAndnbsp;with no plagiarism problems because we recognize that it will bring about significant trouble for our prospects.topics for cause and effect persuasive essay Owing to ourAndnbsp;freelance writersAndrsquo; knowledge and data, all of our records are penned in order to meet every one of the specifications of educational posting and insure the subject to boot. There are actuallyAndnbsp;a great deal of other gainsAndnbsp;we now have and various otherAndnbsp;makes certain with the shoppersAndnbsp;that believe in and rely upon us and...Continue Reading!

Dissertation Proofreading: Private Pail Report. Modify My Essay On Focused Considering

Dissertation Proofreading: Private Pail Report. Modify My Essay On Focused ConsideringOne more assessments are arriving nevertheless you however will need to compose your thesis old fashioned paper. This is usually aAndnbsp;big work load to generally be performedAndnbsp;in fact it isAndnbsp;very tough to centerAndnbsp;either for the getting ready for those examinations and posting of your thesis pieces of paper.good writing 2u com We will help you together with composing task by usingAndnbsp;skilled authors and whole-fledged assistance. AllAndnbsp;you should do should be to locationAndnbsp;your order on our web-site, pay it off and hold back until theAndnbsp;pieces of paper will undoubtedly be undertaken....Continue Reading!

Find A Perfectly Created HRM Essay From My Outstanding HRM Essay Creating Provider

Find A Perfectly Created HRM Essay From My Outstanding HRM Essay Creating Provider Hr control is essential piece of company supervision so that all individuals within this area have got to review this crucial theme. HRM consists of the research into a lot of techniques like hiring and variety, teaching and growth in addition to salary and rewards.for beginners Due to great mother nature from the area of interest, a lot of students still find it very difficult to deal and publish duties which cover all facets of the extensive topic. AustralianEssay.com, a professional HRM essay producing support, is here now to...Continue Reading!

You Now Never Will Need To Go From Spot To Spot Seeking For The Greatest English language Essay Creating Services

You Now Never Will Need To Go From Spot To Spot Seeking For The Greatest English language Essay Creating Services Let us be realistic: creating British essays is difficult. It might appear just like a not so difficult employment however that it really is not.Source Confident, many people are obviously great at publishing and they also can churn out an essay before you know it, but the majority of people, primarily college students are not. This is why they really need an British essay producing program that they could rely upon. Should you be looking for your right after factors, then you...Continue Reading!

Use wonderful project producing aid in Melbourne

Use wonderful project producing aid in Melbourne At AustralianEssay.com, our skilled authors can help your questions properly any time. Our company is offering you task help with Modern australia. We certainly have accumulated the perfect authors beneath our roof covering in fact it is assured that you may be contended while using perform our authors is going to do it on your behalf.bullishwriting.com/time-4-learning-review/ From time to time tasks jump on your neural system? How to eliminate the duties? How you can end it? When you complete it the assignment’s high quality is definitely not as effective as it must be. Can...Continue Reading!

You Are Welcome To The Top Essay Creating Provider at AustralianEssay.com

You Are Welcome To The Top Essay Creating Provider at AustralianEssay.com Research projects have become tougher with every day and several university students right now find it difficult conference certain requirements of the preparation. They not simply have to take care with regards to the time confines and also to generally be conscious on the growing focus positioned when the calibre of do the job by their instructors.https://essaywriterforyou.com/ This is due to of the explanation why numerous pupils today experience scientific tests-associated tension. A few of them are listed below; Absence of energy. Caused by Community Group meetings and Responsibilities. Inadequate Awareness and knowledge. Not...Continue Reading!

Easy methods to Successfully Can easily a Challenge

It happens to be believed this for some sort of internet business for you to get being successful, an fantastic job supervision is a keystone to be able to strategy along with technique these activities. With most on the businesses, work management is the central regulator to discover and select the weak spot and robustness of the exact entire organization advance. Work administration facilitates the companhy to help reach the very targeted objectives by overseeing, surveying, planing and manipulating the function of a particular respective divisions.Project administration practices a number of functionings to a company's industry by working with useful...Continue Reading!

 

Copyright © 2018 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