An estimate template is a chart that shows you the actual costs of any job including paint, cleaning, etc. The last thing you want to be doing on a project is having to create your own estimates when you are not happy with them and the overall project takes longer than anticipated.
When it comes to estimating, there are many things that could go wrong or are questionable with your estimate. Some are minor and others are more complicated. Your estimate will come from the client or project manager (if you have been assigned) and the estimate is your assurance that you are providing the best possible estimate for the project.
If you have a template for estimating, what do you do next? You start by filling in the template with accurate information for the estimated costs. A good estimate will also be an accurate representation of the project’s overall cost. Without a good estimate, you will end up getting charged more money than what the estimated cost is actually worth.
The way a template helps is by giving you some examples of the projects that were included in the estimate, and by providing you with a reference guide. Since the number of companies that do estimates for you could vary widely, there is no one set way to estimate a project, so when you get a template for estimating you get something that is well suited to your business.
Some estimate templates are free, and you just need to fill in some basic information and the numbers come out for you. The numbers are given as ranges, which means that they can range from a high number to a low number, so if you aren’t comfortable with either end of the range, it’s okay to be a little bit off and still get the estimate back. However, you want to get the numbers as close to the truth as possible.
The problem with a free estimate is that the numbers could easily be wrong. If the numbers are only given as a range, then that range is likely an error or low estimate that the estimate was given without some other information. Since you are relying on the template to represent the estimate accurately, it is important that you take the time to read and understand all of the details.
When you fill in the template, you will often get a free estimate for a job you have never done before. This is okay as long as you follow the guidelines of the template. It is important that you don’t get excited about the estimate because you’re a perfectionist and you would hate to work with a low-quality estimate and a project that would take longer than it should.
Because the fee estimate is a trial run, the estimator needs to give it some time before they can be confident in it. It doesn’t mean that the estimate can’t be used for other jobs as well, but it is important that you know how to correctly use the estimation process.