To effectively bid for a project, you need to accurately estimate the cost. One of the top reasons for a construction project going over budget is inaccurate cost estimates. If you lowball your estimate, that profit margin will quickly be eaten up by the smallest problem.
There are three key components of a construction cost estimate: labor, material and equipment.
This calculator will crunch the numbers for you and give you a basic overview of what costs you can expect on your next construction project. Keep in mind that this calculator doesn’t take into account other possible expenses, like insurance and fees, land acquisition and design.