PRELIMINARY ESTIMATING SERVICES
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Preliminary Estimating Services
Preliminary estimating services are the starting but very crucial phase of a construction project. These services help the clients to set the foundation of budget planning, decision-making, and feasibility assessments. As it is the initial stage, it also determines the success or failure of the project.
For the preliminary estimating services, estimators prepare the cost estimates according to the limited information provided by the clients. So, the stakeholders can make decision-making for the betterment of their project based on these cost estimates.
Our Objectives
Second Estimation LLC aims to offer an extraordinary and professional preliminary estimating service with accurate and precise estimating solutions to help its clients. Our estimators perform the preliminary estimating services professionally and deliver an accurate estimate report, with complete documentation, of all kinds of construction projects. Our experts have extensive experience, working in the industry for many years, so they are always available to help clients with their demanding and challenging construction or renovation projects by preparing competent estimating solutions as per their needs. Along with the estimating solutions, they also provide a thorough description of the estimates. However, our estimators also suggest the best ways to proceed with the project and estimate the cost. So, if you have a construction project, our preliminary estimating services can help you.
Key Components of Preliminary Estimating Services
Below, we have discussed the different key components that estimators consider when estimating the cost of the project.
- Project scope
- Quantity takeoff (rough quantification of materials)
- Cost data analysis (historical data & Unit rates)
- Site consideration and location factors
- Design assumptions and construction methods
- Project schedule and duration
- Contingencies and risk analysis
- Labor and equipment costs
- Project overhead and profit margins
- Stakeholders and regulatory requirements
- Summary and reporting
Types of Preliminary Estimating Services
Preliminary estimating services are of different types, which we discussed here. You can check the types of preliminary estimating services below.
- Square Footage or Cubic Meter Estimation
It is one of the common methods where estimators use cost per square foot or cubic meter of the area based on the historical data of the previous projects. It is an efficient and quick method, but sometimes there is a lack of precision, especially for highly customized projects.
- Parametric Estimating
In this method, mathematical models are used to estimate the project cost based on different parameters or variables. So, estimators apply the cost per unit or per type of system such as HVAC, Plumbing, Electrical Systems, etc.
- Analogous estimating
Here, estimators use data from previous but similar projects to estimate the cost. This method is used when estimators have limited information about the project.
- Unit Price Estimating
In this method, estimators break down the project into smaller units and then estimate the cost of each based on the historical data. It could be an effective way to estimate the cost of the project.
- Expert Judgment
Sometimes, estimators use their judgemental skills to prepare cost estimates, especially when details about the project are very limited.
How Preliminary Estimates Help Stakeholders?
Preliminary estimates provide a structure of the project’s timeline and financial feasibility before starting the work. These preliminary estimates help the stakeholders (contractor, developer, or builder) make the best decisions for their project as they can determine the initial budget. Preliminary estimates are prepared before designing the project with limited details, so these are based on historical data, size, location, and concepts.
Expert estimators prepare preliminary cost estimates with great care because the fate of the whole project depends on it. So, they provide detailed information on the required time, cost, and equipment to complete the construction project.
How Our Estimating Services Will Be Beneficial?
Second Estimation LCC has expert estimators who are able to prepare excellent and highly accurate estimates to help clients. Our preliminary estimate enables them to make the right decisions regarding the financial aspects of the project. Below are some benefits you will get through our preliminary estimating services.
- You will get the most accurate, detailed, and comprehensive preliminary estimates from us for all construction projects
- We will assist you in project cost and pricing managing
- You will have detailed, relevant information about the materials and tools/machinery required for the project.
- You will be able to execute the project faster and manage the project efficiently.
- You can choose the best contractor for your project.
- Faster turnaround and 24/7 customer support.
Our Preliminary Estimating Report Consists of
Second Estimation LLC prepares very precise preliminary cost estimates, that’s why, we have many satisfied clients who trust our estimating services. We deliver the best and complete documentation with the cost estimates to them. However, our preliminary estimates consist of the following deliverables.
- Preliminaries
- Project Schedule
- External or Internal finishes (flooring, drywall, painting, etc.)
- Fittings
- Labor
- Man Hours
- Plumbing (pipes, drains, fixtures, etc.)
- Electrical (cable, conduit, lighting, etc.
- Substructures (footings, foundations, etc.)
- Superstructures ( brickwork, walls, sidings, roofs, staircase, floors, doors, windows
- Contingency
- Mechanical (HVAC systems, ductwork, etc.)
How You Can Obtain Our Preliminary Estimating Services?
At Second Estimation LCC, our estimators follow a simple but effective procedure to complete the estimation services for the client’s project. So, if you are interested in our estimating services, follow the steps below and hire our best estimators.
- Submit Your Project’s Plans
You have to submit the plans and requirements of your project at Second Estimation LCC by filling out the form that is available on the website.
- Request A Quote
After meeting with the estimators, you will receive an initial quote that will contain the project’s budget, time, and leads according to their requirements. After that, you have to pay the fee using credit or debit cards to get the final report.
- Obtain An Estimating
After the entire calculation and analysis, our estimators will hand over the detailed estimates to you, which will contain the complete details and have all the requirements that you ask for.