Construction cost estimate vs actual spreadsheet. When you are asked to prepare a construction cost estimate vs actual, be sure that the truth comes out.
When you’re asked to prepare a construction cost estimate vs actual, be sure that the truth comes out. If you don’t prepare an accurate one, it will become a hindrance rather than a help. In this article I’ll discuss some issues that you might face and how to deal with them.
* Use honesty when you’re asked to prepare a construction cost estimate vs. actual. You don’t have to be dishonest, but use honesty as your guide. I’m not talking about being insincere, or being a fool; I’m just using honesty as your guide.
How to Prepare a Construction Cost Estimate Vs Actual
* When you’re asked to prepare a construction cost estimate vs actual, state the true completion date. The truth should be your guide. Make sure that you state the true completion date, including any changes in schedule and date as well.
* Don’t report false dates. For example, if you’re not going to build the building by September 2020, don’t tell the client that you’re going to do it by August, but tell him that you’re going to do it in September.
* Once you’ve prepared your construction cost estimate vs actual, make sure that you write down all the costs of the different phases, as well as the anticipated cost for labor. This is the best way to keep the accounting straight. Don’t forget the expenses you might incur as you move forward.
* It’s a good idea to track the actual construction cost estimate vs actual from start to finish. This way you’ll know if you’re ahead or behind. If you have to make corrections, you’ll know where to make them and how to correct them.
* Be honest with yourself about the amount of money you’re spending on your construction cost estimate vs. actual. Some contractors may be lying when they ask you to prepare a construction cost estimate vs. actual. Don’t let this happen.
* Be fair with your clients when you’re asked to prepare a construction cost estimate vs. actual. Even if you think you’re paying more for construction, don’t lie to them. Your integrity will come back to haunt you.
* Do not compare your expenses to those of the contractor when you’re asked to prepare a construction cost estimate vs. actual. You need to compare them on a per-contractor basis, or on a per-square-foot basis.
* It’s possible that the contractor will negotiate a lower price on your construction cost estimate vs. actual. If they do, and the costs are lower, it could be because the quality of the building is inferior. Or, it could be because they’re afraid to negotiate.
If you’re given a construction cost estimate of actual and you’re not happy with it, find out why. Be honest with yourself, and your client, and you’ll be on the right track. YOU MUST LOOK : construction cost breakdown spreadsheet
