Preliminary Estimating Service

Preliminary Estimating Service

Preliminary Estimating Services

Are you in the early stages of your project and struggling with incomplete plans or need a quick preliminary estimate to gauge whether your project fits within your client’s budget? At Estimation LLC, we specialize in providing fast and accurate preliminary estimates to help you assess project feasibility and make informed decisions as early as possible. Whether you’re at 30%, 60%, or 90% of your drawing plans, or waiting on delayed quotes from suppliers, our team is ready to deliver comprehensive cost estimates tailored to your needs.

With over 15 years of experience in the AEC industry and a robust portfolio of commercial, residential, private, and public projects, Estimation LLC guarantees reliable and defensible preliminary estimates. We utilize industry-leading estimating software and databases such as RS Means and Craftsmen, combined with local vendor relationships, to provide the most accurate square footage-based costs for finished projects and superstructures.

Get Your Preliminary Estimate Today and Enjoy 30% Off Your First Estimate!

What is a Preliminary Estimate and How Does It Help?

A Preliminary Estimate—also known as a conceptual estimate—is an early cost assessment that helps determine whether a construction project is economically feasible before detailed plans are developed. This estimate aids contractors, real estate developers, architects, and owners in deciding whether to allocate funds, set an initial budget, or choose between different design alternatives.

Since preliminary estimates are based on historical data, they’re adjusted to the specifics of your project, such as time, location, and size. These estimates typically rely on broad assumptions, which makes them ideal for early-stage budget planning, feasibility studies, and project selection.

Types of Preliminary Estimates

• Rough Order Magnitude (ROM) Estimate:
  The first estimate in the project lifecycle, with an accuracy range of -50% to +50%. It helps determine whether the project is viable and worth pursuing.
• Ballpark Estimate:
  Based on preliminary drawings, this estimate gives contractors an idea of the budget and defines the scope of work. Accuracy is within ±20% of the final cost.
• Budget Estimate:
  Prepared using past project data, this estimate defines costs for major components like materials and labor, with an accuracy range of -10% to +25%.
• Definitive Estimate:
  The most detailed estimate, created from thoroughly developed project plans. It contains itemized breakdowns and is typically accurate to within -5% to +15%.

How Can Our Preliminary Estimate Benefit You?

Our preliminary estimates provide value at every stage of your project:

• Budget Management: Helps secure financing and manage loan applications.
• Setting Project Limits: Establishes cost boundaries for architects and designers.
• Material & Labor Forecasting: Offers a clear understanding of potential material and labor costs.
• Planning Future Phases: Prepares you for the next steps in your project timeline.
• Contractor Negotiations: Assists in allocating funds and negotiating with contractors and subcontractors.

What’s Included in Our Preliminary Estimate?

Our preliminary estimates focus on the key components of your project, providing a detailed breakdown to guide your planning. The estimate includes:

• Total Area: Calculated in square feet or square meters.
• Linear Measurements: For walls, structural elements, etc.
• Room/Unit Areas: For specific areas like rooms, floors, etc.
• Divisions:
  • Preliminaries (general conditions and site setup)
  • Substructures (footings, foundations)
  • Superstructures (walls, roofing, floors, staircases)
  • Finishes (flooring, painting, drywall)
  • Fittings (doors, windows, fixtures)
  • Mechanical Systems (HVAC, ductwork)
  • Plumbing (pipes, drains, fixtures)
  • Electrical (wiring, lighting, conduits)
• Labor: Estimated man-hours required for each component
• Contingency: Buffer for unforeseen costs
• Project Schedule: Timeline for project phases

Our Process for Preparing a Preliminary Estimate

At Estimation LLC, we follow a structured process to ensure accuracy in every estimate:

1. Scope Analysis: Our estimators carefully review your project’s information to define the scope and create a comprehensive estimating plan.
2. Data Collection: We gather data from similar past projects, adjusting for project-specific factors such as size, location, and time.
3. Adjustments: We apply appropriate time, location, and size factors to account for inflation, labor rates, and regional price variations.
4. Detailed Breakdown: All assumptions, specifications, and adjustments are clearly outlined, ensuring transparency in the final estimate.

Key Factors That Impact Preliminary Estimates

• Time Adjustments: Construction costs often fluctuate over time, so we apply a time index that factors in inflation or deflation due to changes in labor rates, material prices, and interest rates.
• Location Adjustments: Costs vary by region, so we utilize our location-based database to adjust for material and labor rates in different areas, ensuring the most accurate pricing.
• Project Type & Size: Larger or more complex projects may require specific adjustments, based on their unique needs.
• Quality of Materials: We consider the type and quality of materials (e.g., standard vs. premium finishes) in our cost predictions.

Why Choose Estimation LLC for Your Preliminary Estimates?

• Reliable & Precise Estimates: We provide highly accurate cost estimates, backed by years of experience and advanced estimating software.
• Affordable Pricing: Our services are cost-effective, with competitive pricing tailored to your project’s needs. Click here to check our rates!
• Quick Turnaround: Get your estimate within 24 to 48 hours, allowing you to make swift decisions.
• Expert Estimators: Our team is certified by respected organizations like AACE and AIQS, ensuring professional-grade estimates.
• 24/7 Support: Our customer support team is always available to assist with any questions or concerns.

How to Get Started with Estimation LLC

1. Submit Your Plans:
   Send your plans and drawings via email, Dropbox, or through our easy upload portal.
2. Get a Quote:
   We will provide a detailed quote, including the turnaround time and cost estimate. Payments can be made via credit card, PayPal, or other methods.
3. Receive Your Estimate:
   Your detailed estimate will be delivered in Excel format, customized to your needs and in a format that suits your project.

Estimation LLC is here to make your construction planning easier and more accurate. Whether you’re at the beginning of your project or facing challenges with incomplete plans, we provide the tools and expertise to get your project moving forward. Contact us today to get your preliminary estimate and start your project off on the right foot!