Construction Estimating services
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Construction Estimating Service
Accurate and precise cost estimates act as a backbone in the construction industry. To get accurate estimates, experts perform specialized services professionally to elevate the project scope and also ensure seamless execution. The cost estimates help the stakeholders determine the budget, timeline and profit of the project. That’s why many developers, owners, and contractors hire somebody to estimate services.
Construction estimating services provide the total estimated cost of a project, which helps stakeholders understand the financial aspects of their construction project. Construction estimation services consist of many elements that are considered to determine the total cost of a project, such as material, labor, machinery, equipment, profit margin, and additional costs.
Having accuracy and precision in cost estimates is very important regardless of whether the project is small-scale or large-scale. So, professionals keenly observe the data and then perform estimating services to deliver error-free reports.
Our Objective
Second Estimation LLC is one of the best and leading companies in the construction field, serving different stakeholders with the aim of helping them and making their projects successful. Our expert estimators provide the best cost estimation services to clients. They are highly expert in delivering reliable estimates for all kinds of construction projects. So, you can contact us if you want to avail our estimating services for your construction projects. Below, we have discussed further details about our construction estimating services, so scroll down.
Key Components of the Construction Estimating Services
Estimating services consist of different components that estimators consider and then prepare the final report. So, the key components of the construction estimating services are as follows:
- Pre-construction estimates
- Preliminary estimates
- Conceptual estimates
- Detailed estimates
- Cost planning and control
- Cost analysis
- Project’s budget management
- Value Engineering
- Bid preparation
- Bid analysis
- Tender Estimates
- Post-constrcution services
- Cost reporting
- Final account settlement
To Whom We Offer Our Construction Estimating Services
Second Estimation LLC delivers the best estimating solutions to clients, and that’s why we have many clients who choose us for their projects with great trust. Our construction cost estimators assist them in completing the estimating services without wasting their time and money. However, below we mentioned our honorable clients for whom we work and make their projects successful.
- General contractor
- Subcontractor
- Developer
- Home Builder
- Designer
- Vendors
- Architect
- Remodeling Contractor
Different Procedures to Perform Construction Estimating Services
The main purpose of the estimating services is to prepare accurate estimates by using the best and most efficient method. However, there are many methods of construction estimating services to prepare the best cost estimates for a project. Below, we have discussed the different construction estimating services procedures. However, we also mentioned the reliability and efficiency of each method so that you can choose your project wisely.
- Analogous estimating
This method is used to predict the cost estimates by comparing them with the historical data of similar previous projects. It is useful to get the cost estimates for the project at the early stages. However, in the long term, the estimates prepared by the analogous estimating services are not reliable as there might be some errors.
- Parametric estimating
In this method, estimators prepare the cost estimates by comparing the statistical relationships between historical data of previous projects and other variables. This is one of the reliable estimating methods due to its accurate solutions.
- Bottom-up Estimating
Estimators predict the total cost of the project by summing up the prices of all individual elements and tasks. This is also an accurate and reliable estimating method, but it takes a lot of time.
- Three points estimating
This method is mostly chosen to check the uncertainties and risks. So, estimators use three estimates, optimistic, pessimistic, and most likely, and then calculate the average or weighted cost.
- Monte Carlo Simulation
It is a statistical technique used for probability distributions to model. However, it also assesses risk & uncertainties, so estimators can also use it for estimating purposes.
Challenges That Could be Faced During Construction Estimating Services
The estimation process is a complicated task that requires great expertise and skill to achieve accuracy and precision. So, experienced estimators can resolve issues and complexities without any difficulty and can deliver the best and most accurate estimates. However, some challenges that an estimator might face during the estimation procedure are the following.
- Validity of the provided Data: if clients provide Incomplete or incorrect data, then there will be errors in the estimates.
- Complex Projects
- Sometimes, a project has numerous variables and uncertainties that make the process more challenging.
- Market Rate Fluctuations
- If there is any change in material costs, labor rates, and other economic factors, it also impacts the accuracy of construction cost estimates.
- Scope Changes
- The variations in project scope or design changes during construction can cause discrepancies between estimated and actual costs.
- Technological Adaptation
- Sometime, practicing new estimating technologies and software can be challenging.
Why to Choose Second Estimation LCC
Second Estimation LLC stands out among its competitors due to its professional estimating services and accurate estimates. At the same time, we value our clients and deliver them the best services with precise solutions. So, our company and team benefit clients by offering estimation services in the following ways.
- Certified Estimators
Our company hires certified and well-experienced construction cost estimators who can prepare the estimates and resolve the problems easily.
- Quick Turnaround
Our estimators complete the assigned services on time with accurate results. We can also deliver accurate estimates to clients within 24 hours.
- Accurate & detailed Estimates
Second Estimation LCC has a team of highly expert and qualified estimators who prepare and deliver highly accurate and detailed cost estimates to clients regarding their projects.
- Reasonable prices
We care about our clients and offer our estimating and takeoff services at very reasonable rates so that everyone can get our exceptional services.
- High Rate Bid-Hit ratio
As we claim to deliver highly precise and accurate estimation solutions to our clients, our bid-hit ratio is about 99%.
- Customer Support
Our customer support is available 24/7, so if you want to hire us or have any suggestions/queries regarding the project, feel free to contact us.