Construction Estimate Template

A construction estimate template is a required document on which construction companies determine their cost in the successful construction of a project. Without the construction estimate template, the entire process in selecting a general contractor to take on the construction process would be changed and its legality question.

A construction estimate template is required for any project, regardless of the building method used. In the traditional method of selecting a contractor, an architectural firm is hired by the property owner to develop a design for the building or project. Once that design is completed in approved by the client, the architect then puts the design out for bids. While the architect may want to know more information about a contractor than their price, the bottom line is the primary reason for the selection of most primary contractors. In some cases, the bid is the only thing that is presented and the lowest bid gets the project.

While construction estimate templates carry the all-important bottom lines, there are other factors, however, beyond the simple baseline price that can determine a project winner. With the design-bid construction method, construction project bids cover more than just the price to build a building. The design-build method combines the architect and contractor as a unified team, where they present not only their price to build the project, but their architectural design as well. Design-build construction project bids include an all-inclusive price, including the cost of design and construction.

The construction manager at-risk (CM at-risk) method is another way construction bid jobs can be designed. Under the CM at-risk method, the contractor and architect operate separately, but the contractor is involved in the process from the beginning and serves as a liaison for the client in dealing with the architect. CM at-risk bids are not blind, and the client can select whichever contractor he believes is best suited to handle the project. The contractor's bid comes in the form of the guaranteed maximum price, which states the cost of preconstruction services and the construction process itself will not go over a certain total. The GMP is the amount placed on the construction estimate template.

There are a number of different ways to take part in the process in today's construction industry, but each can be effective and meet the needs of the client. A construction estimate template is needed in all of them.

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