Here is a worksheet that can be used internally to create a very rough idea of the pricing of the different phases of a project.
The analysis is based on survey results from across the US. Use it to check your company's estimates and make certain you are "in the ballpark" with your pricing.
Enter only the "Total Construction Cost" figure, and the worksheet will break out the phases based on the survey results.
This information provides a quick glance at what you can expect for costs on the project. THIS IS NOT AN ESTIMATE FOR YOUR CLIENT. It for you and your estimator to use as a check on your estimating process.
Use this template once an estimate is created to see how the costing on your project lines up with the costing in the survey.
The first entries in this worksheet will be the "Overhead" and "Profit" percentages expected for the project. We generally have a base of 12% and 10% respectively, but, if your market will bear it, adjust those numbers. If you have to go below the base numbers to get the project, you need to consider both your market and your process.
You will enter numbers in the green boxes, drawing those numbers from your project estimate. Once you are finished with the input, you can check your relative percentage of construction cost with the survey percentage of construction cost.
In the top section, "SALE PRICE BREAKDOWN", you can enter a number in the "Total Construction Cost" cell or allow the defaulted entry from the "CONSTRUCTION COST BREAKDOWN".
You will enter estimated costs or actual costs in the four other cells. The process will result in a potential Total Sales Price that you can compare with the information your estimating platform provided.
This template, like the Building Cost Benchmarks template, is useful also for controlling your subs. Just check a sub's quote against the survey results, and, if he is high, have him explain to you why he is out of line.
I am sure you will think of many ways to use the spreadsheet.
Access the free worksheet and let me know what you think.
Money is made by managing the process from beginning to end.
This tool can help you do that.