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| Free Contractor Estimate Template in Excel |
Free Contractor Estimate Template in Excel
In construction, an estimate, bid, quote, and proposal can take on different meanings depending on who is using the term. Some construction professionals use the words “estimate” and “quote” interchangeably, while a bid or proposal may turn into a contract if a customer signs it.
It’s a lot like the difference between Coke, cola, soda, and pop––it all depends on where you are and who you’re talking to, but we can all agree that you won’t get a glass of milk when you order one. Putting all of the confusion and subtleties aside, below are what we consider the most widely accepted definitions.
Contractors use estimates to calculate their expected costs to complete a project. They look at the specifications for a project and determine the raw materials and labor they need. The contractor then goes to their suppliers to get quotes for the raw materials, which they use to calculate the estimate.
An estimate may also include an accounting of taxes, overhead, subcontracts, and equipment costs. Contractors generally work up estimates before or during the process of drafting a bid or proposal. Estimates are usually free, but some contractors do charge for the time it takes to provide a thorough and accurate estimate.
Those who charge for estimates often have a formal education in construction and you can expect a much more detailed document where everything is spelled out. As a client, if you’re receiving multiple estimates, sometimes the more detailed one will help you find items that less detailed estimates may have overlooked.
Sample Contractor Estimate Template Excel
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| Sample Contractor Estimate Template Excel |
Read these instructions in full to understand how this form must be completed. This estimate is a comprehensive document detailing the full scope of work and cost of the rehab for this property.
- This Contractor Estimate must be completed in its original Microsoft Excel format.
- This template is designed to itemize the rehab. Be sure to itemize the costs.
- The Inspections section is for physcial/visual inspections of major components of the property. If it's not possible to run tests on plumbing, electrical due to inactive service, a visual inspection will suffice. Each item must be inspected and notes added to the findings. If repairs/replacement is noted in the inspection section, please enter the scope of work and cost into the Special Conditions section (Lines 123 - 128 below).
- All items marked as a REQUIRED ITEM must be addressed as part of the required scope of work.
- The cost added to each line item will be to address the required scope of work noted in the DHM Required Work UNLESS specified differently in the Contractor Notes section.
- Use 'Other' sections for additional work you plan on completing in addition to the required scope of work.
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Reference: procore
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