First of all, I’m new to the forum: Hello!
I’m facing my first “big” job.. an addition expected to cost around $150,000 (that’s what the clients are pre-approved for).
My question involves cost estimating techniques– How do the pros come up with their numbers? Books? Software? Seat-of-their-pants best guess + a percentage?
I’m interested particularly in software. Could anyone recommend a real professional program (not the $29.99 homeowner’s special at WalMart).
This work is for a family of attorneys (!) and while I feel confident in my building abilities, I feel like I’m jumping in to swim with the sharks on the business aspect and am a little nervous… Thanks in advance for any suggestions!
EDIT: I should add, this is not a competitive bid. I just need to give them an accurate estimate (for their bank as much as anything). And also, mostly, protect myself from taking a bath on the job… I’d like to make a little money…not end up working for nothing, or hard feelings, etc.
Edited 5/2/2003 6:58:30 PM ET by Catspaw