So many times’ clients have approached us asking the same question, what is a preliminary estimate? This service is also called a conceptual estimate which is utilized to analyze the total cost of the project. When the project drawings and specifications are unavailable, a preliminary estimate is prepared. This helps to forecast the approximate budget of the project.
It also helps in understanding the economic feasibility of the construction before the actual drawing of the design begins. The preliminary estimate helps the real estate developers, home builders, owners, and contractors to make decisions before setting a budget and allocating the funds.
Since this estimate is usually carried out before the actual drawing, the result or estimate is based on historical data of the projects, adjusted as per the time, location, and size of that project. During the different stages of the construction, various preliminary cost estimates are employed, and the precision of each depends on how much information the clients provided.
Depending on the type of construction infrastructure, the preliminary estimates techniques may vary,
The rate per sq ft/per cubic foot/per room/per occupant is provided.
For irrigation channels
The cost per km is provided. It is also based on per hectare basis
For highways and roads
The rate per km is given, and that actually depends on the thickness of the layers & the material type that would be used.
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HOW PRELIMINARY COST ESTIMATION CAN HELP YOU?
As mentioned earlier, preliminary cost estimation is an evaluation of the complete project based on experience of the estimators, and information provided by the client. Our cost estimators will;
Planning the next phase
Setting aside the complete limit of the cost for designers and architects
Handling the budget and getting loans accordingly.
Estimating the cost of labor and material
Bid Estimation offers all types of preliminary cost estimation, material takeoff for construction and initial breakdown of the cost. Our expert services are available for contractors and owners who are interested to know the complete project cost. Our rates are affordable and our services unmatched.
Bid estimating is a well-reputed cost estimating company specializing in offering our professional consultation and detailed estimations on your construction projects.
We offer a wide range of estimating and takeoff services. For more details, please visit the services page
1514 Schorr Pl, Bronx, NY 10469
You can get an accurate construction estimate from one of our best freelance construction estimator within 24 hrs.
+1 917 268 0411
Bid Estimation is a well-reputed cost estimating company specializing in offering our professional consultation and detailed estimations on your construction projects.
140 Bellamy Loop, apartment 16B, Bronx NY 10475.
+1 917 268 0411