At Purna Chandra, our estimation process is thorough and precise, ensuring accurate and reliable project cost projections. We begin by reviewing the project scope and detailed plans to understand the full extent of the work required.
Next, our experienced engineers conduct a detailed quantity takeoff, measuring and listing all materials, labor, and equipment needed for the project. We utilize advanced estimating software to enhance accuracy and efficiency in this phase.
We then gather current pricing data for materials, labor rates, and subcontractor bids, factoring in market trends and potential price fluctuations. Risk assessments are conducted to identify potential challenges and incorporate contingency costs. We also consider indirect costs such as permits, insurance, and overheads to provide a comprehensive cost analysis.
Finally, we compile the data into a detailed estimate report, outlining the projected costs and providing transparency to our clients. This meticulous process ensures that our estimates are realistic, competitive, and aligned with the project’s financial goals.