Okay, we've been going over the principles of how you build an estimate, so now I
thought it would be a good idea to show you a live estimate in Excel spreadsheet.
And the first project is Arabella House.
As you can see, it's a schematic design estimate, and
let's just delve a little bit deeper into it.
So Generally, at Turner & Townsend, we like to have a main front page.
An image of sorts on the front, and just some clear descriptions on the project.
So you've got the clients at the top.
You've got the date.
The name of the project.
You can see here, the level of design, again, revision.
You don't have to have the price, but we like to have the detail and then
the summary pricing to come through to the front page so it's a quick look at it.
You've always got to remember that your estimate is always going to be used by all
different types of people.
So, not just people in the industry.
Of course, it will be used by project managers, cost managers,
architects, engineers.
But also certain clients will need it and
they might not understand everything in the main detail.
So the first two pages of our estimate document is really the simplified
information for them, if they want to take a quick look at it and gain a quick idea.
Having the full value on the front just in a useful pointer for
the client to see the full cost.
So here we go.
As we were discussing earlier on the screen when we had a song port,
so this is the actual live estimate.
It's a template, it's already set up.
So that's key here, organization and a good structure.
So really, what you need to be doing is you're going to have your set of drawings
the side of you.
Your specifications and all your other project information to refer to.
Early on in the module, we discussed how you measure, so
take-off, and we've really discussed pricing.
So those are those key elements that come into your estimate.
As you can see here, we've got the master format laid out there.
We've gone further than the 16 standard divisions that are used.
And this is because, for this particular project,
Arabella House, this matches design and the scope required.
So even if you have a template, you will always build your estimate specific to
the project that you're working on.
So you got your hard costs there at the top from 1 to 33 as per the master format.
You've then got your soft cost below.
Now again, these are all on a percentage basis.