FREE Estimate Templates

Coming from the construction fields, estimate serves as an approximate prediction of the required resources and materials. It also gives predictions on possible time and capital would be required at several stages of a project before completion. Estimating costs provides cost control reference. 

It is the estimation of the capital of any program, operation, or project of business. This process has a single total value for its effective help in project management and cost control. The person who makes such calculations is known as a cost estimator. 

• Order of Magnitude Estimate: It is the cost prediction required at the planning and evaluation stage of a project. 
• Budget Estimate: It generates a better-detailed list of expenditures required in a project. 
• Definitive Estimate: It describes every activity and deliverables of a project in detail in a justifying way. 

• It helps to the right capital commitment to any business operation or project. 
• It is a researched and evaluated process that gives good judgment. 
• Managers and analysts practice and prepare such documents with high accuracy. 
• It keeps work and operations on time. 

• Calculate the total square footage by measuring the length and width of every portion of the roof. Then, multiply the length by the width for every plan and add all the planes together. 
• Calculate the total number of squares.
• Get the bundles of shingles needed for the roof covering.