Composite Crew Rates in Cost Estimating

What Are Composite Crew Rates Detailed cost estimating best practice for determining labour and construction equipment costs is to determine the composite crew rates. The composite crew rates are the averages weighted to account for: labour and equipment cost and units, per activity/task unit of measure. Let’s say we want to determine the costs of […]

Planning Your Cost Estimate For Success

[thrive_headline_focus title=”Cost Estimator’s Biggest Challenge” orientation=”left”] Time is a hot commodity for a cost estimator, and to make the most of it, we need to plan ahead meticulously. If you make a living working for a construction firm, you know exactly what I am talking about: you start working on a new project and the […]

The Vital Skill Each Cost Estimator Should Master

What and Why? Throughout my 30+ years in the construction industry, many of those in the cost estimating field, I met great estimators and estimators lacking the confidence to say: Yes, I calculated this cost, this is how I did it, and this is the benchmark data to prove it. My curiosity was always to […]

Charge Out Hourly Rates for Small Contractors

 What is the charge out hourly rate? A few weeks ago I was browsing the internet for a bathroom renovation contractor. I landed on www.TrustedPros.com website. Great site if you are looking to find contractors for your home. I shortlisted a few and sent out the invitation to submit a price on my project. Super […]

Survey Results – Cost Estimating

Cost Estimating Survey Results Yes, the survey results are in! I little while ago I send out a survey to my LinkedIn connections. I wanted to see how well the cost estimating career is serving us, the cost estimators, through some slow economic times. From personal experience, cost estimating jobs are not as volatile as […]