Construction glossary term

Construction Estimate

A construction estimate is a document prepared by a contractor or estimator that provides a potential client with an estimated cost for their proposed construction project. The estimate is based on several factors, including the size and complexity of the job, the type of materials needed, labor costs, and any additional services required.

A typical construction estimate should include information about the scope of the project, such as all labor and supplies needed, along with product specifications and quality assurance measures to ensure that everything is up to code. It may also include details regarding payment terms, contract language, and expected timelines for completion.

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