What do we offer?
Do you have the following problems:
Incomplete drawing plans sabotaging preliminary estimate
Duty to prepare preliminary estimate but do not have complete requirements
In need of preliminary estimate in order to determine the budget feasibility of the project
Delayed quote prices from your suppliers
If you have any of the above problems, Top Estimators can completely help you out.
We can deliver a quick preliminary estimate with the square footage cost in the fastest turnaround. So, you can determine the feasibility of your project in the best possible way.
Due to 15 years of experience in the AEC industry, and after completing several residential, commercial, and industrial projects, we can deliver reliable and defensible preliminary estimates. We come up with per square feet or square meter costs for finished projects as well as superstructures by utilizing professional estimating Software and our developed databases, RS Means and Craftsmen. Our location-based database and relations with local vendors help in performing the bill of material as accurately as possible.
Send us plans, and we will give you a quote in 5 minutes. Moreover, you will also get a 30% discount on the first estimate.
- Preliminary estimate: what is it, and how does it help you?
- Rough order magnitude estimate
- Ballpark estimate
- Budget estimate
- How can a preliminary estimate from Top Estimators benefit you?
- What do you get in Top Estimators’ preliminary estimate?
A preliminary estimate is also called a conceptual estimate. It is a useful practice in order to determine the project cost before preparing detailed drawing plans. Thus, it provides the economic feasibility of any project prior to construction and development of complete feasibility based on actual prices.
A preliminary estimate helps contractors, real estate developers, home builders, and owners in making decisions for allocating funds, setting the preliminary budget, and comparing initial design alternatives.
When you do not have an actual design of the project, and you need to check the feasibility of your project before going deep into development, then you do it with a preliminary estimate. It is done with historical data of similar projects by adjusting prices, location, sizes, and conceptual additions. An estimator uses all engineering principles to deliver a preliminary estimate, helping project managers to decide the best and suggest the best to their clients.
There are several types of preliminary cost estimates that are employed at various stages in the lifecycle of the project. The accuracy of these estimates depends on the extent of the information provided by the client.
The first attempt to estimate in the project’s lifecycle is regarded as a rough order magnitude estimate or ROM. It is employed to analyze the feasibility of the project that contributes to the project’s selection and allocation. It has accuracy in the range of -50% to +50%.
The Ballpark estimate helps contractors by defining the scope of work. It is presented to clients. So, they can make decisions while remaining under their budget. A Ballpark estimate is done on the basis of preliminary drawings and specifications, and its accuracy lies within 20% of the actual cost.
When the project comes at the planning stage, then the budget estimate is done. Generally, it is prepared from past project’s plans and drawings. Budget estimate defines the costs associated with the major components of the projects in each line description, including materials and labor costs. Particularly, the budget estimate tells a figure within 10% to 25% of the actual cost of the project.
Our estimates can help you in evaluating the initial cost to support in:
The estimate consists of the breakdown of quantities, and the following divisions are considered:
How does Top Estimators’ prepare a preliminary estimate?
Detail of all factors contributing to the right estimate
While performing a bill of material based on previous projects’ data, we make assumptions and adjustments with respect to time, location, type, and size of the project.