Building Estimates Overview

A building estimates overview can be used to determine the feasibility of a project. It can be an aid in securing a commitment of funding from investors. An overview will help to clarify the specific processes involved and the accuracy of the final estimate. It is based on the information in the preliminary plans coupled with other data – calculated by an experienced estimator.



The building estimates overview is based on three factors: your information, software data – and the practiced eye of the estimator to pull it all together.

YOU SUBMIT THE INFORMATION
The information you provide includes the plans drawn up, which provide details ranging from the earliest stages of development through the final construction phase. Your plans could be on paper, in CAD format or as a Building Information Model (BIM). An experienced estimator can take all the information and add what may be missing into it to arrive at a budget cost. This is accomplished through the use of special estimating software designed specifically for the construction industry. It will accurately measure square footage, list required material and calculate labor costs.

USING ESTIMATING SOFTWARE
Some of the software used to provide a building estimates overview includes:

• Planswift 9.0
• RS Means Cost Works
• Xactimate
• Quest Estimating

A WORD ABOUT BIM
The use of a Building Information Model or BIM has become among the most valuable tools for:

• Arriving at an accurate estimate
• Sharing information, or changes in plans that may arise after the initial concept

The BIM is a multidimensional building model that is provided by the architect. For the estimator, it provides a point and click method to precisely measure square footage and linear footage of structures. This enables him to compile a bill of materials that can be sent out for pricing. Any missing information can be filled-in from data saved from past projects. If a change is made during or after the initial estimate or during construction, the BIM allows these changes to be accessed by all interested parties so that there are no missteps.

THE ROLE OF THE ESTIMATOR
Even the most reliable software and modeling programs are tools. The human factor is still the most vital part of the construction equation. You want an experienced eye in order to achieve a successful and accurate cost projection.

An experienced estimator has the skills and knowledge to guide you through the entire process from beginning to end. His experience will enable him to fill in the blanks that always exist in the initial phases of a proposed project. He will function as the coordinator from conception to completion.

WHO NEEDS A BUILDING ESTIMATES OVERVIEW?
A comprehensive overview can be applied to all types of residential, industrial and commercial projects including:

• Residential townhomes, condos, high rises, apartment complexes and private homes.
• Commercial office buildings
• Industrial manufacturing, food processing and warehousing
• Institutional including schools, prisons and hospitals
• Assisted living facilities
• Retail shopping malls, strip malls, big box stores and restaurants
• Theaters and sports venues

The accuracy of your budget proposal and final construction estimate is critical to the future of the project. It should always be handled by an estimating team with experience in the field.



Total Takeoffs can provide a building estimates overview for Pensacola, Tallahassee, Jacksonville, Gainesville, Daytona, Orlando, Lakeland, Ocala, Tampa, St. Petersburg, Clearwater, Bradenton, Sarasota, Ft. Myers, Naples, West Palm Beach, Pompano Beach, Ft. Lauderdale, Hollywood and Miami.