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Prepare the Detailed Proposal and Finalize Costs

11:27
25:10
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At 11:27 in

How to do Retaining Wall Bids, Estimates and Proposals

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What happens here

In the office, compile all measurements and calculated square footages into a detailed proposal. The existing bid from 2012 priced the Versa-Lok Standard Solid Block at $28.00 per square foot. Due to inflation over three years (from 2012 to 2015), the current market price is adjusted to $32.00 per square foot. The retaining wall installation cost is calculated by multiplying the total square footage (298 square feet) by the current price per square foot ($32.00), resulting in $9,536.00. Present all costs, including removal, excavation, and installation, as line items. For example, 'Removal of the wall and 1 extra loads of fill soil' is $1,760, 'Excavate and haul away soil to create a 4-6 foot gap' is $4,000, 'Remove and reassemble neighbors wall' is $725, 'Remove stairs and dispose' is $490, 'Hand disassemble fence and save' is $350, and 'Export extra fill soil (price per load)' is $325. The total project estimate for this job is $16,861.

Goal: Create a clear, line-itemed proposal for the customer.

Tools and materials

  • Computer Apple — Creating the proposal document
  • Printer — Printing the proposal document
  • Proposal Template — Organizing line items and calculations
  • Versa-Lok Standard Units — Constructing the retaining wall

What they say

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measurements all right it's time to go over some actual numbers on this project and teach you how to bid this retaining well for your own uh first off before we get started I want to apologize I'm a little Dusty I'm a little dirty if you watch my video day at work with genetic um you'll see in that video I had met with a customer and G gave him a proposal to regrade his yard for $2,000 well I started that job this morning at 8:00 and it's now a little bit after 12 12:30 and I got it all wrapped up so I figure it's now time to phase two to get this uh retaining wall bid so I can show you guys how to do this on your own now I want you to pause the video right here I want you to look at this job this is the actual bid sheet from 2012 it's right now 2015 I originally bid this job May 4th 2012 so look at the numbers that you see there on that sheet and what you're going to find is the job has grown okay I haven't done anything to the job but the homeowners had a couple years to chew on it and they finally figured out what they really wanted to do and they came back and said hey we want to add on and you've seen what we did we were removing the dirt Excavating behind the garage wall and so I'm going to go over I'm going to compare and contrast the two numbers now they said something that was key in this proposal they said they understood the rate of inflation would probably have increased some of the components of the job besides the fact now that's the key besides the fact that they had added on to the job anyway so I want you to look at 2015's proposal I want you to take a moment to pause this video this is the actual proposal that was turned into them and what you will see is it is line item per line item per line item per line item and we're going to go over that and this is the way you're going to format your proposals this is going to work for you it's going to Pro protect you okay the first line item on this thing is the actual retaining wall it's s now in this case we have approximately that's the key term approximately 298 square fet that means that I'm I'm I think there's 298 Square fet on the job and that's what I'm going to put in for that price per square foot now the original quote was $28 per square foot back in 2012 because of inflation we're now at $32 per square foot and you are going to be asking me well how did you come up with that number that's my market price okay for residential you will be dictated by your market price and nothing more…

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