Dash off an Estimate
An accurate, indepth and experienced estimate is your prime risk at forming a capital theory, besides as a Income, when you're bidding on your close project.
Instructions
1. Decide how lingering the project Testament returns, and prepare a timetable for completion. This Testament second you in determining accurate labour and Accoutrement rental costs and Testament assist you avoid scheduling conflicts with other projects.
2. Calculate your labor costs.4. Obtain proposals for any rental equipment you'll need, determine which proposal is acceptable and add that figure to your estimate.5. Arrive at a subtotal by adding a percentage of your general overhead to your total costs.
If you have employees, the cost for each employee is his or her gross wages, plus allowances for employer-paid items such as insurance (liability, unemployment and workers' compensation), Social Security (FICA) tax and union benefits. Also figure in any payments you'll make to independent contractors working on the project.3. Add the cost of any special materials you'll need to complete the project.
6. Calculate your profit by taking the appropriate percentage of the subtotal and adding that number back to the subtotal. This figure is your total estimate.
7. Prepare the final written estimate. Breaking your estimate down into the categories of labor, material/equipment, overhead and profit should provide adequate detail.
