Composite Crew Rates in Cost Estimating
What Are Composite Crew Rates Detailed cost estimating best practice for determining labour and construction equipment costs is determining composite crew rates. The composite crew rates are the averages weighted to account for: labour and equipment costs and units per activity/task unit of measure. Let’s say we want to determine the costs of culvert installation. […]
Charge Out Hourly Rates for Small Contractors
What is the “charge out hourly rate”? I was browsing the internet for a bathroom renovation contractor a few weeks ago. I landed on the www.TrustedPros.com website. Great site if you are looking to find contractors for your home. I shortlisted a few and sent out the invitation to submit a price for my project. […]
Construction Cost Estimating. Bottom-up, Top-down or…Sideways?
Yes, the many faces of cost estimating in construction… Construction cost estimating can take many forms and shapes. I am writing this article for those unfamiliar with the conceptual cost estimating field. It is a field that is worthwhile exploring. It gives a cost estimator more exposure to the field, adds more career development and […]
Freelance Consulting Rates – How to Calculate Them
When you first start out as a freelance consultant, things feel great. After all, you wanted to leave that job so badly. You are now free to work your hours, set up your office in your house and walk the dog at any time of the day without feeling guilty. Yes, it is great to […]
Cast-in-Place Concrete Cost Estimating
Understand the process Unless you are a cost estimator for a specialty trade contractor, chances are you will need to do cost estimating for cast-in-place concrete. Also, for those using unit pricing cost estimating for concrete works, here is a breakdown of how the cost is considered and calculated. First things first. To properly determine […]
My View on Top 10 Bidding Mistakes
Construction Cost Estimating – Top 10 Bidding Mistakes Bidding mistakes can disrupt a company in a very serious way. Learning to identify and how to avoid them is fundamental for any construction business. If you have been working as a cost estimator for a considerable time, chances are you found a mistake in one of […]