As digital transformation continues to disrupt the construction industry, we see many contractors opting to outsource ancillary departments and focus on what they do best.
Construction companies that are leveraging digital technology to become more agile seem to be reaping substantial benefits—firms report that costs fell by 4-6% while construction productivity went up by 14-15%.
Among other solutions, construction estimating services have become highly popular with contractors in the United States. The reason being that cost estimation helps builders improve profitability, win successful bids, and maintain critical cashflow needed for long-term growth and success.
Let’s break down exactly how.
1. Win More Bids With Accurate Estimates
Fast and accurate estimates from industry experts can help you break down material needs and related costs for the project. Details are critical here as they can help ensure a more precise material takeoff.
For instance, when clients use our flooring estimation services, we offer estimates for various materials such as LVT floors, VCT tiles, rubber tiles, wood floors, etc. The cost of installation can also vary depending on the material so we provide specific labor costs as well. This specificity helps our clients win profitable bids.
2. Eliminate Overheads That Lower Margins
When the estimate is closer to the true cost, contractors can avoid the cost of going over-budget. Additionally, when you outsource cost estimation, you no longer have to maintain a team of professional estimators in-house. You can just avail services whenever you have a project on hand, and avoid the overheads associated with an idle team.
3. Prevent Hassle and Wasted Time
Material prices can fluctuate significantly, especially when to you take into account larger projects that take 4-5 years to complete. As contractors, you don’t have the time to chase prices, spend hours trying to track rates in your region, and manage price sheets from your vendors.
Instead, you can hand over the grunt work to a dedicated team that offers quick and accurate results—saving you time, effort, and money.
Work With Cost Estimation Experts Now
With several decades of combined experience in the construction industry, our team of expert cost surveyors can develop reliable cost estimates for your project too.
Our list of satisfied customers includes general contractors, subcontractors, architects, managers, and developers in the construction industry. Our extensive list of offerings includes residential projects estimating services and concrete and rebar estimating services.