Estimating Educational Series
03/02/2021 - 03/16/2021
Strategies and Best Practices for Accurate Estimating – a three-part educational series
Don’t miss this must-attend, three-part, in-depth educational series presented by Tim Faller – Senior Consultant and Estimating Expert. Tim will walk you through the goals, numbers, challenges, and solutions to help you create more accurate estimates. The ultimate goal of this comprehensive training is to help you understand how to bring your estimates within one percentage point of actual numbers.
1. Setting the Foundation for Effective Estimating - March 2, 2021 at 12 pm Central Time (90 minutes)
The first part of this series will focus on setting the foundation for effective estimating. We will cover the goals, definitions, and the “head trash” or challenges that many contractors face. We will also discuss the gathering of information to ensure an estimate is accurate, including the use of checklists and 3D imaging.
2. Effective Pricing Strategies - March 9, 2021 at 12 pm Central Time (90 minutes)
Session 2 will focus on the actual pricing involved in estimating. This will stress using data from job costing for estimating, effective pricing strategies like sqft, linear ft, unit pricing and when they should and should not be used. We will address correctly calculating labor burden as well as the challenges of T&M pricing and using allowances effectively.
3. Estimating Software, Change Orders, and Sales - March 16, 2021 at 12 pm Central Time (90 minutes)
Session 3 will start with a quick look at some software that may help in estimating and what that software must do to be effective. We will continue by discussing the actual estimating process, getting the right sale price, estimating Change Orders and some of the unique challenges to them. We will end with a discussion of the impact sales skill has on estimating.