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Why Accurate Construction Estimates are So Important

Why Accurate Construction Estimates are So Important

by Proforma Construction Inc, July 17, 2018

The power of an accurate estimate.

Like most build projects, commercial construction in the Bay Area starts out as a vision for the future.  Usually a company foresees their growth and recognizes their need for a larger, updated, and more advanced space.  However, before a vision can become a reality, companies need to take a careful look at their finances and determine what they can invest in the project.  Receiving an accurate construction estimate plays an important role in your company’s ability to accurately create their project budget.  If you need assistance with your project budgeting, then here’s what you need to know about commercial construction estimates.

What is an estimate?

Construction estimates are used to offer clients a detailed description of the costs needed to complete a project.  All building projects have costs that extend beyond the workers and materials used to complete the job.  For instance, factors such as location, environmental conditions, project duration, building codes, special machinery, and so on are all taken into account when creating an estimate.

Why you need to work with an experienced estimator

Whether you hire an independent estimator or rely on a construction company’s estimator, this individual should provide you with a detailed and accurate estimate that allows you to secure the necessary financing and begin your project.  But how can you determine whether an estimator is reliable or not?  A good estimator should posses the following qualifications:

  • Thorough understanding of architectural drawings
  • Knowledge of building materials, construction methods, building codes, and trends in the construction industry
  • Experience in construction and understanding of the material costs, material lead times, hourly output of workers, overhead expenses, and other costs
  • Solid method for determining accurate costs
  • Ability to carefully calculate costs
  • Capability to collect, classify, and evaluate data relevant to the project

Working with an inexperienced contractor could result in unplanned costs and could hold up progress on your project.  This is why it’s important to work with an estimator who’s only job is estimating.  Oftentimes construction firms recycle project managers to complete this work.  However, you need a true estimator who works with contractors and suppliers on a daily basis.

This is why it’s so important to get an accurate estimate for your commercial construction in the Bay Area.  Are you looking for assistance with your project?  Then turn to the experts at Proforma Construction.  Serving Pleasanton and the surrounding California area, our highly trained and experienced team is ready to make your commercial construction dreams a reality.  Contact us to get started today.