Preliminary Estimating Services to Transform Your Plan Into a Successful Construction
Are you in the drawings phase and struggling with rough budget plans for your construction project? The solution to your problems is hidden under the cap of our preliminary estimating services, specially designed to make the right decisions, streamline your construction plans, and make your project highly efficient from start to end.
Our team at TEADX, with 26 years of experience, leverages industry knowledge and expertise to equip you with the most reliable solution. Join hands and make your plans highly valuable!
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Why Do You Need Preliminary Estimate & Which Type is Valuable for Your Project
Preliminary budget forecasts are rough cost estimates that determine the financial feasibility of the targeted construction project—all done before detailed drawings and the construction phase. Furthermore, we use 4 types of pre-construction estimates, which are implemented during different phases of construction based on the client’s needs and data. Here are their descriptions.
Rough Order Magnitude (ROM) Estimate
It is employed in the very early phase of construction to determine whether a construction project is feasible. Project managers use these estimates, which are extremely rough and have an accuracy range of +50% to -50%, to decide whether to pursue the project.
Ballpark Estimate
The second type of preliminary estimate is a ballpark estimate, which contractors calculate to comprehend the project scope and present it to the client so they can make the right decision timely. Contractors use initial drawings, blueprints, and project specifications to evaluate ballpark estimates, having 20% accuracy of the actual project expense.
Budget Estimate
Our experts assess budget estimates during the planning phase of construction to determine the cost associated with major components, such as materials and labor. Data from the historical project is collected and modified according to the specifications of the current construction to get the value whose accuracy lies between -10% to +25% of the actual cost.
Definitive Estimate
It is also named a digital cost estimate that lists the costs of all the construction materials according to the project scope and needs. These are highly on-point estimates with an accuracy margin of -5% to +15%, generated using thoroughly developed projects.
Our Method to Prepare a Preliminary Estimate
Estimating a construction project’s cost demands a thorough process for valuable outcomes. Therefore, when you hire us for conceptual estimating services, we implement a well-defined process. Here are the steps. Explore them to plan your project efficiently!
01
Project Scope Analysis
We start with understanding your project scope for the initial cost assessment, using complete/incomplete drawings.
02
Historical Data Collection
Then, we take previously estimated projects with similar scopes and collect data from them to determine the current forecast.
03
Modifications
The information from the previous projects is then modified, considering size, dimensions, locations, materials, and deadline.
04
Assess Indirect Costs
05
Reporting
Ultimately, the report is finalized by mentioning all the adjustments made in the collected data.
Benefits of Hiring Our Preliminary Cost Estimators
Determining the rough project expense is not only the single objective of our pre-construction cost estimates. However, we offer a lot more benefits that enable you to execute your project with the confidence of winning the contract.
Early Budget Clarity
Our assistance helps you clearly understand the budget at the project's initial stages, enabling you to make the right decisions at the right time.
Streamlines Project Planning
We enable you to streamline your construction activities and align them with your budget using our preliminary estimates.
Reliable Risk Mitigation
Our preliminary estimating services help you identify and mitigate potential risks reliably in your plans, ensuring flawless project execution.
Perfect Resource Allocation
Using our preliminary budgeting plans, you can allocate resources perfectly, eliminating all the chances of material shortages and cost overruns.
Cost-Saving Opportunities
Our rough cost estimates highlight cost-saving points in your plans, using value engineering strategies to help you reduce project costs and maximize earnings.
Improved Bid Quality
Using our preliminary estimation, you can increase the accuracy of your project bid estimates, enabling you to stand out from other contractors targeting the same project.
Hire Us for Preliminary Estimating Services for Loan Approval!
Types of Construction Projects We Are Professional in Handling
Our company has been serving contractors, subcontractors, engineers, builders, architects, vendors, and other construction industry professionals for more than 2 decades. Whether you work in a small-scale or large industry, you can benefit from our preliminary estimating services. Our experts have estimated 3000+ projects having diverse scopes in the US. Here are the types of construction projects we can expertly handle.
- Single-family homes
- Multi-family homes
- Modular homes
- Townhouses
- Bungalows
- Duplexes
- Cabins
- Cottages
- Apartments
- Custom homes
- Educational institutes
- Office buildings
- Shopping malls
- Retail stores
- Restaurants
- Hospitals
- Hotels
- Theatres
- Museums
- Data centers
- Food processing plants
- Manufacturing plants
- Distribution centers
- Mining facilities
- Warehouses
- Steel mills
- Textile mills
- Oil refineries
- Pharmaceutical manufacturing plants
Electrical
Mechanical
Plumbing
Flooring
Roofing
Landscaping
Sitework
Drywall
Painting
Rebar/Steel
Millwork
Openings
Waterproofing
Insulation
Lumber
Framing
CSI Trades We Deal In
We are your reliable initial cost assessment partners, having established a platform for all your construction budget-related problems. We consider all your needs and handle the diverse CSI trades so you can get solutions for different activities in one place and save time.
What Do We Include in Our Preliminary Estimating Report
Our evaluations become valuable for our clients through detailed deliverables. We consider all factors while assessing the preliminary estimates and submit the report with the complete information you need to make better decisions.
Project scope analysis report
Site assessment report
Material and labor quantity estimates
List of required equipment
Project schedules
Contingency plans
Permit and regulatory cost
Summary of the whole report
Our Strategies & Techniques to Ensure the Right Preliminary Estimates
Ensuring quality deliveries always come first to us. To achieve this goal and help you make the right decisions, we use valuable strategies and implement effective techniques for quality outcomes.
- Thorough scope analysis
- Cost database integration
- Regular revisions and updates
- Historical data utilization
- Stakeholders consultation
- Market trend analysis
- Site investigation
- Software and tool integration
- Expert suggestions
Software / Certificates We Use
Software:
Certificates:
Expect the Following Advantages When You Outsource Us for Rough Cost Estimates!
We exceed your expectations by equipping you with the excellent outcomes you need to decide whether you go with the project or not. Here are some points you must expect when choosing us for conceptual estimating services.
- Success-triggering estimates
- Significant time and money-saving
- 24/7 customer support
- Quick response within 10 minutes
- Fast delivery within 24 to 72 hours
- Unmatched project efficiency
- Access to industrial knowledge and expertise
- Reduced risk chances
- Flawless project execution
Are You Ready to Get Preliminary Estimating Services From Us?
If you are ready to get pre-construction cost estimates from our estimators, follow the 4 steps below!
Share Plans
Share your complete/incomplete construction drawings along with all specifications.
Get a Quote
Hold for a few minutes and receive a personalized quote. Review it thoroughly.
Set the Invoice
Once you are ready to proceed, you can pay the invoice using a Credit Card, Debit Card, or PayPal.
Get Preliminary Estimates
Then, wait for 24 to 72 hours and get initial cost estimates for your construction project.
FAQs
How much do you charge for preliminary estimating services?
Our rates exactly depend on the scope of your project. However, for simple residential construction preliminary estimates, our service charges start from $150.
What other services do you offer at TEADX?
We offer many other services at TEADX in addition to preliminary estimates. These include:
- Construction estimating services
- Construction takeoff services
- Estimating consultation services
- Value engineering services
- Bid estimating services, etc.
How can I share the project details?
You can upload your construction drawings directly on our website. Also, you can use our email to share your project’s initial data and ask for a quote.