Winning a construction tender starts with an accurate understanding of the project scope and costs. Tender estimating helps contractors review drawings, measure quantities, assess material and labour requirements, and develop a clear project price before submitting a bid.
A well-prepared construction estimate gives contractors better visibility into the work involved and helps reduce the risk of missing important cost items.
Tender estimating is the process of reviewing project information and calculating the expected costs required to complete the construction work. This can include quantities, materials, labour, plant, subcontractor costs, preliminaries, and other relevant project expenses.
A bid that is too high may reduce the chance of winning the project, while an estimate that is too low can put project profitability at risk.
Detailed estimating helps contractors:
The process typically begins with reviewing architectural and engineering drawings, specifications, schedules, and other tender documents. Quantities are then measured and organised before applicable costs are applied.
Quantity takeoffs are an important part of this process because they provide the measured quantities needed to build a reliable estimate
Professional tender estimating gives contractors a structured foundation for making pricing decisions. Instead of relying on assumptions or rough calculations, contractors can use detailed cost information to evaluate the project before submitting their proposal.
Summit Estimating provides construction cost estimating, quantity takeoffs, material takeoffs, and tender estimating support for contractors, builders, developers, and construction professionals.
Send your project drawings and requirements to receive a tailored construction estimating quotation.
