The number one most frequently asked questions is “What is it going to cost?”
There are three levels for estimating a project and each one gets more detailed and refined. The three levels of pricing are:
(1) The Educated Guess
The Educated Guess is a quick price that is based on similar past projects. Though this approach is not very scientific, it does give the client a ballpark idea of the price range that the project falls in.
(2) The Square Footage
The Square Footage approach breaks down the construction process into individual categories like: Sheetrock, roofing, flooring. The square footage of each category is calculated and multiplied by its appropriate cost factor. This type of estimate is fairly accurate and can be used as a budget cost. The square footage costs are based on typical products and the price will fluctuate based on a client’s personal taste and product selections.
(3) The Nail Counting
The Nail Counting approach is the most accurate and detailed estimate. It is based on the AIA (American Institute of Architects) standards and the whole construction project is broken down into 16 main categories. Each of those categories is sub-divided into individual subcategories. Each of the subcategories is itemized line by line, product by product, with isolated costs for labor and materials. This level of pricing is time consuming but very accurate. The beneficial feature about the final report is that because all the costs are isolated- it is easy to add and subtract items from the project. It is like having a personalized price menu that you can select from.
The Coolidge Company’s estimating is so detailed that we get hired by architects to do preliminary pricing. This is something we can do for you because by using these pricing levels, we can tell you exactly what your project will cost.
There are three levels for estimating a project and each one gets more detailed and refined. The three levels of pricing are:
(1) The Educated Guess
The Educated Guess is a quick price that is based on similar past projects. Though this approach is not very scientific, it does give the client a ballpark idea of the price range that the project falls in.
(2) The Square Footage
The Square Footage approach breaks down the construction process into individual categories like: Sheetrock, roofing, flooring. The square footage of each category is calculated and multiplied by its appropriate cost factor. This type of estimate is fairly accurate and can be used as a budget cost. The square footage costs are based on typical products and the price will fluctuate based on a client’s personal taste and product selections.
(3) The Nail Counting
The Nail Counting approach is the most accurate and detailed estimate. It is based on the AIA (American Institute of Architects) standards and the whole construction project is broken down into 16 main categories. Each of those categories is sub-divided into individual subcategories. Each of the subcategories is itemized line by line, product by product, with isolated costs for labor and materials. This level of pricing is time consuming but very accurate. The beneficial feature about the final report is that because all the costs are isolated- it is easy to add and subtract items from the project. It is like having a personalized price menu that you can select from.
The Coolidge Company’s estimating is so detailed that we get hired by architects to do preliminary pricing. This is something we can do for you because by using these pricing levels, we can tell you exactly what your project will cost.