Estimating Job Costs: Strategies & Tools for Less Pain & More Profit
Tuesday, February 27 | 10:15 - 11:15 AM
LVCC - West 224
What It's About
Estimating and job costing can be made easy with the right resources and some practical application. In this session, learn about the NAHB Single Family Cost of Construction methodology and hear how one builder is utilizing it to enhance his profitability. We’ll demonstrate techniques and tools used on 5 recent projects, including estimating spreadsheets and a detailed chart of accounts that reflects NAHB standards. See how this simplified process increases accuracy. Gain perspective on the impact of construction cost trends on your estimates. Discover how to budget, track cost and compare results more effectively. Through expert guidance, real-world examples and invaluable tools that can be tailored to any businesses, you’ll leave with strategies to unlock profitability, elevate efficiency and maintain your sanity.
What You’ll Learn
- Discover the NAHB Cost of Constructing a Single Family Home Method, specifics of the construction cost breakdown and how the information is collected.
- Learn to apply the NAHB Cost of Constructing a Single Family Home method to a spreadsheet with the construction cost breakdown to estimate job cost.
- Understand a chart of accounts that reflects the construction cost breakdown and can be used to compare job cost estimates with actual results.
- See how prices have increased for construction costs and how it affects your estimates.