What is construction estimating?
Construction estimation is the process of predicting how much a building project will cost. An estimator calculates all the expenses involved, like materials, labor, and permits. This gives you a detailed financial forecast, which is essential for setting a realistic budget before you start building.
Are construction estimating services worth it?
Construction estimating services are helpful when you need accurate cost projections or help with budgeting. Professionals use detailed measurements and current pricing data to create more reliable estimates, which can give you a better chance of success during planning and bidding. While estimation does cost money, the clarity and confidence it provides will often outweigh the expense, especially for large or complex projects.
How do you get a construction estimate?
When looking for a pro for construction estimating, these steps can help:
Check their credentials: Look for certifications like Certified Professional Estimator (CPE) and find out if they work under a licensed general contractor.
Read their reviews: Look for reviews that praise the estimator's accuracy, attention to detail, and clear communication.
Look at an example estimate: A proper estimate should be itemized, breaking down the costs for labor, materials, permits, and any subcontractor fees.
Ask additional questions: How do you calculate material and labor costs? Can you provide references from recent similar projects?
How much does a project manager charge per hour?
You may choose to hire a construction project manager for your residential or commercial project. For the hands-on homeowner who wants to be involved in home construction but isn’t comfortable hiring subcontractors, a construction project manager can oversee these relationships and supervise labor. Typically, construction project managers charge a fee that is a flat percentage of the total construction project cost. This may range from 10 percent to 15 percent, depending on the company and the services they provide. This means a $30,000 home remodel project would have a construction project management fee of $3,000-$4,500. Hiring a construction project manager generally precludes the markup on subcontractor labor charged by a general contractor. The drawback to this choice is that, unlike a general contractor, the construction project manager won’t be financially responsible for the work of the subcontractors. For larger projects, you may hire a construction project manager who will also hire a general contractor. This provides the benefits of the general contractor along with the management services of the project manager, who will be on board from the beginning. The construction project manager will be involved in the design phase and work with the architects and the building crew, facilitating a smoother overall process.
For more, check out our tips for smart hiring on Thumbtack.
What do construction project managers do?
Construction project managers help in all stages of your construction project, starting from the very first step. Typically paid a percentage of a total project cost, they are part of the design and planning process and help ensure seamless communication between the design parties and the construction team. According to the U.S. Department of Labor, their scope of work includes preparing cost estimates, budgets and work timetables; interpreting and explaining contracts and technical information to other professionals; reporting work progress and budget to clients; collaborating with architects, engineers and other construction pros; selecting subcontractors and scheduling and coordinating their tasks; responding to work delays, emergencies and other problems; and ensuring compliance with legal requirements, building and safety codes, and other regulations.
The work of construction project managers may seem very similar to that of general contractors, but there are some critical differences. One difference is that, unlike most general contractors, project managers are not engaged in the actual construction — they are onsite overseeing the work of subcontractors. Another key difference is that project managers are hired during the design phase, while general contractors are hired after plans have been made. The project manager is generally paid a percentage of the total project cost, while the general contractor is more typically paid according to the bid they gave to build your project.
What goes into the cost of construction estimation?
Several things might impact the cost of getting your estimate, including:
Project size and complexity: A small, straightforward job like a single-room renovation will require less time to estimate than a large, complex project like a new home build or a major addition.
Level of detail: A preliminary ballpark estimate is generally less expensive than a detailed, itemized bid that breaks down all material, labor, and subcontractor costs.
Availability of documents: The cost can be lower if you already have documentation like architectural plans. If the estimator needs to work from basic concepts or create drawings, the price may increase.
Need for a site visit: If an estimator has to travel to your property to assess conditions and take measurements, this can add to the overall cost.
The estimator’s experience: Professionals with specialized expertise and advanced software may charge more, but their detailed estimates can help you plan your construction budget more accurately.
What steps should I take before I get a construction estimate?
Before a pro comes to provide a construction estimate, there are a few things you can do:
Tidy the project area. Remove excess furniture, clutter, or personal items from the space so the pro can take accurate measurements and assess the site conditions. Moving pets elsewhere is also a good idea.
Gather all relevant documents. Have your architectural plans, design drawings, permits, and a list of desired materials or finishes ready for review.
List your questions and goals. Write down everything you want to ask the estimator and clarify the specific outcomes you're looking for in your construction project.
Consider your budget. Having a budget already in mind helps the pro tailor the estimate to your financial expectations and suggest appropriate options.
