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Construction Cost Estimating Class #4 Solution to Storage Shed Problem

Con 4003 cve 4073-5073. Construction Cost Estimating Class #4 Solution to Storage Shed Problem Prof . Ralph V. Locurcio, PE. CVE 4073-01 Shed Estimate. Presented by: Nicholas Miller Date: 08/28/14. Analyze the RFP (Request For Proposals) and b id documents. Look for key terms.

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Construction Cost Estimating Class #4 Solution to Storage Shed Problem

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  1. Con 4003cve 4073-5073 Construction Cost Estimating Class #4 Solution to Storage Shed Problem Prof. Ralph V. Locurcio, PE

  2. CVE 4073-01Shed Estimate Presented by: Nicholas Miller Date: 08/28/14

  3. Analyze the RFP (Request For Proposals) and bid documents. • Look for key terms. • Deadlines should be highlighted. • CONSTRAINTS will govern the project! • TIP: Make a checklist! Where to begin?

  4. Research the project! • Look at similar projects • Familiarize yourself with areas you don’t fully understand • Materials list was online!!! So What’s Next?

  5. Perform a quantity takeoff • Analyze each component of the project individually (floor, roof, individual walls) • Break each component down into all the pieces used to make it • Account for all fasteners and additional features (paint) • TIP: Imagine the project from start (buying materials) to finish (what is finish?) But How Do I Start?

  6. Perform the estimate • Price all of the materials listed in your quantity takeoff • Calculate the amount of work hours required for the project • In many instances, you will have to try to do this for each of the work tasks involved in the project. • Calculate all of your indirect costs • Add contingency, profit, and any other add on costs you will require Now What?

  7. MOST LIKELY NOT! • Recheck, revise, redo! • 95% of the time (if not more) your first draft will contain errors or will be incomplete • Look over the bid instructions to make sure you followed them completely • Once your estimate is complete, make sure to compose and revise any other required bid documents! • Submit your bid to the appropriate person by the deadline • TIP: Did you check your checklist?! Am I Done?

  8. NOW YOUR DONE! (Hopefully you won the bid too)

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