Cost estimation is a crucial aspect of any business model, more so if you are an independent contractor. A construction estimation spreadsheet helps you keep an inventory of raw materials, track costs and monitor the progress of the project. It is an effective and time-saving way of keeping your business organized and ensure a steady stream of clients.
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5 Steps to Write a Construction Estimating Spreadsheet
Step 1: Prepare a List of Tasks
First and foremost, you need to prepare a list of tasks that you want to accomplish in the project. This would involve a detailed discussion with the client to understand his requirements. However, sometimes you also would have to change some sections of the plan so as to fit the budget constraints.
Step 2: Set a Time Limit
Another important aspect of the plan would be to set a time limit. Now, as this is the preliminary stage of planning, you might have to set a tentative deadline for the project. Also, ensure that you keep the timeline flexible and have allowances for delays.
Step 3: Decide Upon Additional Costs and Sources
Once you have decided upon the tasks and time involved, the next big thing to consider would be the budget of the project. In the estimating spreadsheet, you will have to include all the transactions, an inventory of items involved and also any additional cost that you’d have to undertake.
Step 4: Estimate the Materials Required
An Estimating spreadsheet would be incomplete without a detailed inventory of the materials used in the project. This doesn’t just include a list of the raw materials used, but also the equipment and manpower you’ll have to employ.
Step 5: Leave Provisions for Changes
An estimation plan should be watertight, you must always have some allowances for changes. There are a number of factors that can cause delays in the completion of your project, most of which wouldn’t be under your control. A realistic approach to planning would be to have a flexible schedule that incorporates all these factors.
10+ Construction Estimating Spreadsheet Templates
1. Blank Construction Estimating Spreadsheet
The Blank contractor estimate template is perfect for beginners who want to create their plans from scratch. The layout is simple, user-friendly and supports all platforms. Customised for both Word and PDF, the layout allows users to create tables, graphs, insert images, manage costs, etc.
2. Residential Construction Estimating Inventory Spreadsheet
This construction budget template allows you to keep track of the raw materials and equipment used in the residential-related construction projects. The layout is well-organized, professionally written and very authentic. You are free to edit the content as per your need. Here you can highlight sections, select from a wide range of fonts, add new paragraphs, lists, graphs, tables and more.
3. Construction Project Estimating Spreadsheet
The Commercial Inventory construction estimating spreadsheet caters to established and growing construction businesses. The professionally designed layout is intuitive, responsive and very robust. Plus, your content is optimized for mobile devices and can support both MS Word and PDF formats. The layout is also available on Google Docs and Sheets.
4. Commercial Construction Estimating Spreadsheet
The Budget Planner construction estimating spreadsheet is suitable for large-scale construction projects. It lets you create your estimate spreadsheet in both MS Word and Adobe Reader. The layout is simple, clutter-free and easy to customize. You can download in Mac and Windows devices, the template comes in standard A4 size sheets with US lettering styles.
5. Project Construction Cost Estimating Spreadsheet
The construction estimate template comes with an Excel-based layout that is user-friendly and professional. The layout comes with a collection of graphics, color schemes and fonts that make your content more readable and appealing. It includes all the standard elements you’d need to create an accurate estimation spreadsheet for your business.
6. Standard Construction Estimating Spreadsheets
This construction quotation template works best on excel spreadsheets and is a great choice for beginners and professionals alike. It is an intuitive layout for listing projects and their corresponding costs in a systematic manner. The template requires some technical skills but gives you complete control over your content.
7. Professional Construction Estimating Spreadsheet
This construction proposal template is specially created for Microsoft devices. The layout can be downloaded in PDF format and be customized on Google Docs and Adobe Reader. The template features a simple and readable format, professionally written content and good quality graphics that make your spreadsheet look great on screen.
8. Construction Estimating Cost Excel Spreadsheet
The free construction estimate template is detailed, well-organized, intuitive and very easy to read. The layout is simple and armed with a range of colors, graphics, and other customizable tools. Also, the template is optimized for MS Word, giving you control over the content and the aesthetics of your spreadsheet.
9. Construction Estimate Spreadsheet Sample
The landscaping estimate template is a template where you can insert any kind of information and present it is an attractive and professional way. The layout is easy to understand and customize. You can download the template on MS Word and tweak the content any way you want to.
10. Sample Construction Estimating Spreadsheet
This free estimate template is suitable for commercial and large-scale construction programs. Engineers prefer this template for planning, cost estimation of roadways, bridges, highways and other projects. The layout is professional, quick to edit and works well on MS Word. Here you can add new tables, calculate costs, add new colours and more.
11. Minimalistic Construction Estimating Spreadsheet
The construction estimate invoice offers users a detailed estimation guide, helpful to professionals and amateurs alike. The layout is simple, readable, intuitive and elegant. Here you can add new rows, list multiple projects, have sub sections, checklists, insert headers, footnotes, external links etc. as well.