Estimating in Construction – Part III (Job Costs by Phase Evaluation Process)
Minimum Bottom Line Profit Should Average 9.4%!
For Trades & Subcontractors, at Least 11%
After Income Taxes Are Paid!
Most construction projects are divided into phases of construction. Phases have many different names, but the most common are:
All terms are interchangeable and really refer to the steps of construction. A typical home goes through multiple steps: 1) site work, 2) footer/foundation, 3) framing/structure, 4) trades and so forth towards final completion and punch out. Estimating is prepared in stages with some costs that will exist throughout the entire project (debris removal, facilities, environmental fence, etc.). But in general, almost every project has a phase or a set of work milestones to complete before the project is finally finished.
Estimates in construction are prepared in a similar timeline fashion as project milestones with an
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