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How to Make a Construction Cost Analysis in MS Word
A construction cost analysis is one of the vital requirements in determining the cost feasibility of a particular construction project. Elements within should be evaluated carefully to ensure the project is within the proposal. If you're about to work on such, here's our quick, sharp tips in making a construction cost analysis in MS Word.
1. Get the Bigger Picture
Primarily, determine first the entire scope of your sample construction project. Comprehensively make a list of the potential expenditures for such. Referring to previous construction cost analysis might also a big help for you in acquiring essential financial information. Basically, you must clearly identify the purpose of the construction cost analysis that you'll be having.
2. Sort out the Details
Once you have gathered all the relevant details, sort these out according to their expense classification. Assess which you can label as direct costs and indirect costs. Through this, it will give you a comprehensive and concrete view of your monetary construction budget flow and the allocation of proper budgeting will also be easily feasible.
3. Organize and Format
This time, it should be now easier for you to layout your essential details on a formal document. Through your preferred MS Word program, make rows and columns. Spell out labels correctly and ensure to be legibly revealed.
4. Calculate Mistake-free
Once all the pertaining details are recorded in your document, calculate these now to see the subtotal costs. From your salaries, materials, inventory, and supplies, make sure that it is categorized accordingly. If there's a need to opt for estimates of cost per unit or hour, ensure that it strictly follows the industry guidelines.
