- Estimating Tips (Part 8) - Progress Claims
Progress claims are accounts submitted to the customer for payment on an agreed regular basis for payment on work completed. Based on the assumption that the project has been quoted and an agreed price reached the progress claims will be proportional to the completed work inline with..... Click here for full article
(Monday, June 18, 2001) - Paul Funnell
- Estimating Tips (Part 7) - Building Standard Material Rates
The secret of estimating lies in building "Standard Rates" which will provide accuracy, consistent, flexibility and time savings. When completed they will stand the test of time and can be adjusted in accordance with technology changes. A Standard Rate is a combination of building materials, which are required in varying proportions to carry out a task..... Click here for full article
(Friday, May 25, 2001) - Paul Funnell
- Estimating Tips (Part 6) - Calculating A Charge Out Rate
I remember asking the question in one of my estimating seminars "how do we know the correct charge out rate?" That's easy one contractor replied "the cost of a postage stamp indicates the charge out rate for labour, when stamps were 30c labour was $30.00 per hour and now they are 45c, $45.00 per hour is the rate" well there may be some similarities, however..... Click here for full article
(Monday, May 14, 2001) - Paul Funnell
- Estimating Tips (Part 5) - Cost of Labour
It is extremely easy to ask another contractor what their charge out rate is, or you may rely on your trade association to calculate it for you. However, it is much more rewarding to calculate the cost of labour yourself as it provides your firm with more control. It is important to establish the cost of labour before adding the..... Click here for full article
(Monday, May 07, 2001) - Paul Funnell
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