Build accurate construction estimates phase by phase. Includes labor, materials, permits, equipment, contingency, and profit markup.
Always include a contingency of 10-15% for unexpected costs. Break the project into phases to catch missed items. Track actual costs on past jobs to improve future estimates.
A construction estimate breaks down a project into its component costs: labor, materials, equipment, permits, and overhead. Accurate estimating is the foundation of a profitable contracting business.