This represents the total amount of supplies and labor required to finish a project. - QUANTITY TAKEOFFS, This represents the overall cost and the number of hours of work necessary to do a task - LABOR HOURS AND LABOR COST, The total material expense that the project financier will be responsible for is this - COST OF MATERIALS, The majority of general contractors employ subcontractors at various times throughout a project. - SUBCONTRACTOR QUOTES, Specialty trades that work as subcontractors often finish portions of the project - SUBCONTRACTOR QUOTES, Their estimates ought to take just as much care to account for labor, material, and equipment - SUBCONTRACTOR QUOTES, in construction are expenditures that benefit more than one project objective. - JOINT COSTS, such as administrative and overhead expenses, are often those expenses that have no direct impact on the project's real expenditures. penses as did the general contractor. - INDIRECT COSTS, The most popular technique for calculating building costs is this one. The unit pricing approach works by figuring out the total cost of the project based on unit costs. - UNIT PRICING, This technique for calculating construction costs entails assessing the whole amount of work required and offering a broad estimate. - BUDGET METHOD, Studying a project's numerous components to see if it has the potential to succeed involves project feasibility. When analyzing the viability of a project, managers take their available resources and financial needs into account. - PROJECT FEASIBILITY, The construction sector is primarily driven by profit. Since you should only accept lucrative projects as a building contractor, you must precisely estimate project expenses before invoicing the customer. - PROJECT PROFITABILITY, Contractors frequently need to find the first funding for projects. For them to assess how much money they need to get in order to start the project, cost estimators are necessary. - PROCURING THE FINANCES, Starting a building project requires you to properly monitor your spending to prevent going over budget. The related expenses of any project may be established with the use of an estimate. - SETTING BUDGET, An accurate cost estimate enables you to submit a competitive proposal and win the job. For the same project, contractors frequently have to offer lower pricing than their rivals in order to remain profitable. - PITCHING THE BID,

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