3). The Importance of Accurate Quantity Take -offs
Quantity take-offs are an essential part of construction estimation because material cost accounts for a significant portion of the construction cost of any project whether it is big or small. Along with drawings, blueprints and models, an estimator needs to have a high sense of skill, good judgment, and critical thinking skills to produce accurate and detailed quantity take-offs.
What is quantity takeoff:
Counting the number of items associated with a particular construction project
- Determining the associated materials and labor costs etc.
- Preparing an estimate as part of the bidding process.
- Applied to the pricing process.
Quantity Takeoff is performed by:
• General Contractors • Subcontractors • Cost Consultants • Quantity Surveyors
Quantity Takeoff Criteria:
- It must be as accurate as possible.
- It should be based on all available engineering and design data.
- The use of appropriate automation tools is highly recommended.
- The Quantity Takeoff is an important part of the cost estimate.
Although construction estimates play a major role in cost estimation, “accurate take-offs” are even more crucial.
IMPORTANCE:
Effective Cost Tracking:
Once you have a list of all your monthly expenses, including rent, petrol, groceries, etc., isn’t it much easier to keep track of them? It eliminates all the uncertainty and provides you with a clearer picture of how much money you need to save and spend. It is precisely the same as doing take-offs accurately. Calculating accurate quantity take-off helps in better decision-making and prevents excessive budgets overruns.
It also leaves room for some unexpected expenses that are needed to be fulfilled in urgency. As the design matures and construction details are accurately modeled, accurate quantity take-offs help team members in calculating the labor, materials, equipment and subcontractor costs for all the building parts.
Clear Communication:
Let’s face it: cost is the most important factor in the construction industry! If you help your client maximize their financial resources, they will always be grateful for your efforts. Thus, it is necessary to produce accurate take-offs to retain your client’s vote of trust.
With a commitment to precision and excellence, Construction Estimations LLC specializes in providing accurate construction bids that encompass detailed quantity takeoffs and cost estimations. Our expertise extends to meticulously calculating labor and material costs, ensuring accurate projections for your projects.
Winning More Bids:
Before submitting a proposal for any project, it is always a good idea to undertake extensive research on your cost estimates, particularly when it comes to materials. To secure the bid, you must ensure that you conduct a thorough investigation into cost projections and ways to lower those costs. This will set you apart from your competition. As insignificant as it may appear, a subcontractor’s and his team’s consistency in obtaining precise take-off quantities that enable them to win the assignments can reveal a lot about how effectively they work together.
Therefore, obtaining precise quantity take-offs may initially appear like a laborious task, but with the appropriate perspective, it can become your formula to win more and more bids. It is always better to hire professional estimators rather than doing it yourself as it can increase the chance of errors and ultimately ruin your chance to win the important bids! CE LLC is the best option for it.
Effective Time Management:
Depending on the complexity of the project, human take-offs can take a long time. However, digitally computed take-offs automate many of the most intricate steps in the construction take-off procedure.
Estimates not only affect the financial outcome of a project but also influence the decisions made for budgeting and assist in clients’ decisions for contractor selection. Such decisions are made in large part based on quantity take-offs. Precise takeoff minimizes the time lost on Computation Errors and corrections.
Conclusion:
There are various methods to evaluate a take-off’s accuracy depending on the figure for comparison of the tender, its end product or the budgeted item An estimate defines the degree to which a measurement or calculation deviates from its actual price. Both direct and indirect factors can have an impact on an estimate’s degree of accuracy.