Are you at the initial stages of your project, with 30%, 60%, or 90% of your drawing plans completed? Do you find it frustrating to prepare estimates with incomplete drawing plans? Or perhaps you need a quick preliminary estimate to check if your project fits within your client’s budget? If any of these scenarios apply to you, look no further than Estimation Co Sydney for fast and detailed preliminary estimates with square footage cost analysis. Our estimates will help you analyze the feasibility of your project and proceed effectively with your clients.

With 15 years of experience in the AEC industry and an impressive portfolio of commercial, residential, private, and public projects, Estimation Co Sydney can promise the most reliable and defensible preliminary estimates. We use past project data to calculate per square foot or square meter costs for finished projects as well as superstructures. By leveraging professional estimating software and our developed databases, RS Means and Craftsmen, and maintaining strong relationships with local vendors, we ensure the bill of materials is as accurate as possible.

What Is A Preliminary Estimate And How Does It Help?

A preliminary estimate, also known as a conceptual estimate, is a crucial step in forecasting the project’s cost and analyzing its economic feasibility before detailed drawing plans are developed. This type of estimate assists contractors, real estate developers, home builders, and owners in making informed decisions about allocating funds, setting preliminary budgets, and comparing initial design alternatives.

Preliminary cost estimates are carried out at the beginning of the project, relying on historical data adjusted for factors such as time, location, and size. They are prepared using engineering concepts and assumptions based on available information from similar past projects.

There are several types of preliminary cost estimates employed at various stages in the project’s lifecycle, each with varying levels of accuracy depending on the information provided by the client:

Rough Order Magnitude Estimate: The initial estimate with an accuracy range of -50% to +50%, used to analyze project feasibility and selection.

Ballpark Estimate: An estimate with an accuracy range of within 20% of the actual cost, used to define the project’s scope to clients.

Budget Estimate: Prepared using past project data and plans during the planning stage, with an accuracy range of -10% to +25% of the actual cost.

Definitive Estimate: Also known as a digital cost estimate, it provides a detailed itemized list of project components, with an accuracy range of -5% to +15%.

Our Portfolio in Industrial Estimating

We have extensive experience in providing cost estimates for various industries, including chemical, petrochemical, mining & metals, marine, drilling platforms, oil & gas, pharmaceutical plants, food processing, hydrocarbon processing, wastewater plants, biofuels, refineries, refrigeration, power generation, packaging, manufacturing, and more.

Industrial Structural Steel Estimating

Our team of estimators and engineers are skilled in structural steel estimation for multi-story buildings and industrial facilities. We provide accurate estimates for channels, beams, angles, plates, connectors, and other accessories, helping you plan, bid, and procure materials efficiently while minimizing wastages.

What Do You Get In Our Preliminary Estimate?

Our preliminary estimates provide a detailed breakdown of quantities in the following divisions:

  • Preliminaries
  • Substructures (footings, foundations, etc.)
  • Superstructures (brickwork, walls, sidings, roofs, staircase, floors, doors, windows)
  • External/Internal finishes (flooring, drywall, painting, etc.)
  • Fittings
  • Mechanical (HVAC systems, ductwork, etc.)
  • Plumbing (pipes, drains, fixtures, etc.)
  • Electrical (cable, conduit, lighting, etc.)
  • Labor
  • Man Hours
  • Contingency
  • Project Schedule

How Do We Prepare A Preliminary Estimate?

Our estimators follow a systematic approach to prepare preliminary estimates:

  • Study and evaluate the project information to analyze the scope and produce an estimating plan.
  • Collect data from past projects with similar characteristics.
  • Apply adjustments for time, location, and size, and include a contingency.
  • Clearly mention all specifications, assumptions, and adjustments in detail.

What Factors Contribute Towards The Right Preliminary Estimates?

Our preliminary estimates are based on detailed bill of material and past projects’ data, with adjustments made for factors such as:

  • Time of construction start
  • Location-based cost variations
  • Type and size of the project
  • Quality of basic materials required

Here Is What You Get When You Outsource Your Estimates To Us!

  • Reliable and precise estimates
  • Affordable estimates (Click here to check rates)
  • Quick turnaround times (24 to 48 hours)
  • Cost-effective monthly takeoff packages
  • Expert estimators certified with American estimator organizations like AACE & AIQS
  • 24/7 customer support

Trust Estimation Co Sydney for all your preliminary estimate needs. Contact us today to experience reliable and professional estimating services that exceed your expectations!

Contact Us Today And Get 30% Off On Your First Cost Estimate!