How to Properly Fill-Out a Contractor Estimate Form
A contractor estimate form is usually used to estimate and calculate the fee that will be used for specific construction work or projects. Depending on the size of the job, you can choose to have it estimated or you can also see the fee from the proposal page. However, on a proposal page, there will be other pages that will detail more information about the project.
In the estimation form though, it will only be about the fee for the project and the client will be able to see the estimation of the amount that they have to pay for the construction work (before and after the project is done). The deposit for the payment (down-payment) and terms of payment can also be included in it.
The contractor estimate form can also be used to plan a project to match what the client wants. Most of the time, contractors use the form as a base to do their offering in the bidding war for certain projects. If there is more than 1 contractor that is chosen for the job, usually, there are bidding wars that will take place.
The construction company that wins the bidding war will get the project and the job. Estimating the fee from the materials and services that will be provided by the company can be listed down on the form to make it closer to the offering price.
Filling out the form can be done together with the in-house consultant of the construction company. They will be able to help you strategiseand plan properly all the things that are needed for the project, etc. They will also be able to help with the estimation of the construction fee with the help of the contractor estimate form.
In a construction business, estimating the fee for the service and project is crucial to know how much is needed by the investor to invest in the project. This is done to also manage and plan the resources that will be used by the project.
Contractor Estimate Form Template | Word – download