How We Create Estimates as Professionals
The planning period of a renovation project is crucial to its success. As a contractor, gathering the pertinent information not only helps us deliver a high quality project, but to ensure the project is possible. One key piece of this is figuring out the pricing of a project. As professionals, we know the importance of pricing and as such we take gathering information seriously--and one piece of information that is vital is the estimate.
Constructing an estimate is a step in the information gathering process that leads to the eventual quote, with an estimate being just that: an estimated price range of what the project may cost. To formulate an estimate that reflects the project as closely as possible, as a contractor we need to gather information. Some of this can be figured out through phone calls with clients. This can include the client stating what materials they want used in their project and the specifics of what they want done, for example, expanding a bathroom, replacing the floor, and so on. However, most times we need more details and this leads to us inspecting the site of the project. When we conduct an on-site review, we have our project manager on-site to evaluate the overall structure, seeing the current condition of the site to better understand what work needs to be done to transition to what the client wants. Since we have a professional on-site using their experience and knowledge to draw conclusions about pricing, we charge for that work being done. Once all these pieces of information are gathered, we can provide a price range based on our prior experience with similar projects.
An estimate is more than just a stepping stone to a quote, though. When we provide an estimate, we take it seriously and do all these steps in gathering information because it allows us to communicate effectively with our clients. We don’t want to mislead our clients and make them believe their project will vastly cost more or less than what their quote will end up being. We gather information in a professional manner that has worked for us, and develop our estimate from that in order to set realistic expectations for our clients. If a client wants certain work done but their budget doesn’t effectively cover this, we want to bring this up as soon as possible. This way, we can focus on solutions to either alter the project to fit the budget, or to change the budget so the desired work can be done. Our goal is to create a contract that is fair for both our client and ourselves, and so we don’t want to blindside our clients with a quote that is far beyond what they are comfortable with paying. When we provide an estimate, though it isn’t an exact price like a quote, we allow the client to see the general price range, so that if this range is agreeable, we can continue on with creating the contract.
The price of a project is key information we want our clients to know, as this affects whether or not a project is carried out and how it is carried out. This is why we are serious when gathering information during the planning period of a project and delivering an estimate. Not only does this help us create an accurate quote, but also allows us to communicate with our clients in a fair manner. Here at Fine Remodeling, we are your Delaware contractor devoted to delivering projects of only the highest quality. Get in touch with us about your next renovation project so you can be sure it's done right the first time. Visit our contact us page and see our calendar to select a day/time for a discussion about your project.
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