We provide project cost estimates by calculating all the costs involved to complete the project such as equipment, materials, labor and other items that may be necessary.
As a reminder, our estimates are subject to change as modifications could be required and increase the cost of the job. However, we make our cost estimates as accurate as possible based on the result of our initial inspections to ensure only a slight margin in cost, as needed.
Initial estimates are based on but not limited to the total area for the project, cost of paint or coating materials, and labor.
We take a realistic and practical approach to estimating projects.
We don't force estimates to fit the budget
Rather, we come up with a no-nonsense assessment of projects based on client specifications and requirements. Forcing the quality and amount of materials to fit a lower budget could often end up to more problematic after-effects than intended. Oftentimes, project estimators feel pressured to make their forecasts fit into the constraints of the project’s budget.
When project estimates are low, it may look good to clients. But while this looks good on paper, it doesn’t actually reflect real world applications or quality output. We would rather be upfront with our clients and explain the repercussions of taking shortcuts or the use of low-quality or substandard materials. It guarantees the elimination or errors along the way or catastrophic consequences after the project is completed.
We include and explain the risks
It takes guts and professional decorum to describe and explain the risks involved in a project. If clients are not aware of common risks, it becomes difficult to accurately estimate the costs and time frame of a project.
For a typical project estimating process a team will usually zoom through an assessment, come to the consensus that the project is risky and automatically add extra hours to the forecast. This is not how we do it since this is not the proper way to estimate a project.
When we do out estimates, we apply the mitigation plans and the registered risk while considering the time that it will take to execute them. This results to a more thorough and accurate project estimate that benefits both parties.
We plan for contingencies
When you are forecasting a project, you should always include a contingency. This is something that is included at the outset of a project with the expectation that it will be spent. So don’t exclude it just to make it appear that the project won’t be costly. Aside from the monetary contingency, you should also include estimations for the resources and the hours that it will take to complete all of the work that the contingency presents. Remember, if you don’t need the contingency, the project will be done sooner than expected and your business will still hold onto the funds for future use.
We carefully analyze commonly overlooked areas
Ancillary activities are often overlooked. But things like client feedback, considering minor/major errors and pre-contract details are often missed when project managers do not pay careful attention to the tasks, project scope and deliverables.
We believe that ancillary activities like the ones mentioned above occur quite frequently throughout a project and can have negative impacts on your estimation efforts.
Accurate estimating is essential to both the client and service provider, thus, we don’t manipulate numbers in an attempt to generate low anticipated costs.