According to the NAHB, over 60% of the final house price is attributable to its construction costs. Developing a construction cost estimate for your new residential property is the most crucial aspect of the project. It directly impacts your profit margins, and even a small error can lead to costly delays and project losses.
Contractors often have a hard time developing winning bids because they fail to include essential items in their proposals. This is why more than 83% of the total construction bids end up in the trash!
No general contractor wants to lose profits when handing over their properties to subcontractors—and this is where construction bidding comes into play.
When a potential client approaches you requesting a bid for new home construction, it’s critical to consider a variety of factors before you settle on an amount. If your bid is unreasonably high, you might lose the client completely. Conversely, if your bid is too low, overheads will cut into your profit margins and could even […]
If you’re looking for a home improvement project that can instantly enhance your living space at the best price, only a few things can beat a fresh coat of paint. Whether you’re looking to brighten up the interior, make spaces look larger or create statement walls, paint is the way to go.
Given how much variance exists in flooring costs, it can be a headache for contractors and subcontractors to develop accurate estimates. Most recent statistics show that depending on the material you choose and the scope of the project, flooring installation costs can vary anywhere from $0.4 to $22 per square foot.
Drywall installation costs can vary significantly depending on the level of finishing, quality of materials, and labor costs. The nationwide average stands between $30 and $60 for each panel, including labor and material costs. These prefabricated gypsum board panels or plasterboard panels are used to finish ceilings and walls in commercial and residential projects. Let’s […]
It wouldn’t be wrong to say that your project’s entire scope depends on the construction estimates. It’s the robust thread that holds your project planning together, and even the smallest differences can jeopardize your business. Needless to say, the risk is massive. If something goes off way during the bidding process, you may have to […]
Concrete estimation is one of the most crucial aspects of construction cost estimation. Experienced contractors know that they’re two ways of receiving concrete on the job; readymade concrete or concrete mixed on the site. The former is the easiest to handle; you can give the concrete preparation company your requirements for cement type, quantity, and strength, and […]