Finalize Project Estimation and Bidding Strategy
At 3:22 in
How to Demolish Buildings - Price, Procedure and Plan
What happens here
While driving, the presenter discusses the business aspect of demolition, specifically focusing on project estimation and bidding. He shares that their initial estimate of 24 hours of labor was revised to 40 hours. This adjustment was due to unforeseen circumstances or the inherent difficulty in precisely estimating demolition time, especially with challenges like machine issues or restricted access. He advises that while experience is crucial for accurate hour estimation, a safer alternative for bidding is to use a formula based on a proven price per square foot for similar demolition projects, helping to ensure profitability and avoid underbidding.
Goal: Review the labor estimation process for demolition projects, highlighting the importance of experience and suggesting alternative bidding strategies for accuracy.
Tools and materials
- Cost Estimation Software/Templates
What they say
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What they say
(1,583 characters)Auto-generated from the video audio.