Building Estimate Template for Building Contractors – 10 Free Sample Templates

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Building Estimate Template for Building Contractors – 10 Free Sample Templates

Estimating the cost of a building by the builder helps him plan for the features as per the trend, keeping in mind the budget. Every country has its own calculations where they may exclude property price, sidewalks and planters. The Building Estimates vary as per the geographic location, labor costs and many other factors. The estimate also depends on the material availability.

The blueprints of the building are usually used to calculate the total square feet of the living area. The area of the rooms is measured in square feet and considered (or added) in the main roof. The porches are to be included only when used as a four-season room. The garage area is usually not added in the estimate. The construction quality is very important for Building Estimate by the contractor. Thus, the highest-quality construction generally uses exterior masonry, tiles, reinforced concrete foundation along with a basement, irregular walls and decorative openings.

The estimate for bathroom and construction materials is determined using the list of materials. High-quality construction has at least four plumbing fixtures (each bath), electricity for a minimum of eight built-in appliances and wiring for more than eighty light fixtures in the home. Mid-grade construction consists of three plumbing fixtures for every bath and six built-in appliances. Standard building quality consists of three basic plumbing fixtures, three built-in appliances and ten standard light fixtures.

For Building Estimate, calculation of windows and doors are done using the material list. The high-class construction consists of multi-pane glass windows, skylights or decorative windows and a minimum of four exterior doors. Mid-grade construction usually has a decorative front door, quality exterior door and at least one window with multi-pane glass. Standard construction usually has hardboard doors and vinyl windows.

The basic features of the house or the building are reviewed to determine the construction class. This is then further used in the calculations of the Building Estimate. Houses with specialized heating and cooling features, like solar systems, and masonry fireplaces come under high-quality construction. Mid-grade construction consists of one prefabricated fireplace and a good heating and cooling system. Standard grade houses generally have only one basic heating system.

The building materials list is again used to determine the features of kitchen. The high-class construction has custom cabinets, high-end appliances including built-in ovens and the finishing is done using granite or tiles. Mid-grade construction includes good quality commercial cabinets, laminate counters and a freestanding stove. Standard-grade kitchens have contractor-grade cabinets and a lower-quality laminate. Moreover, the homeowner himself supplies the appliances.

The rankings of high, mid or standard construction are reviewed from the categories as mentioned above. Then multiply the total area in square feet as per the construction quality that you’ve selected. The construction quality is chosen on the majority basis for the categories being selected. Thus, you need to multiply the cost by the area (in square feet) using the blueprint calculations to estimate the cost of the building.

The cost estimate can be tested by using neighboring construction. Subtract the cost of the land from the price of the reference building, (on an approximation, it is 20 percent), and then the price of the new building is divided by the area measured in square feet. Lastly, compare the calculations with the similar neighborhood construction to give an average cost-per-square-foot of the building. This is a general guideline on how the Building Estimates are done by the building contractor for any construction.

Sample Building Estimate Template for Building Contractors  

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