Introduction to Construction Estimating and Contract Documents – Complete Guide 1 of 21 2026-03-23
Introduction to
Construction Estimating
and Contract Documents –
Complete Guide
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_Page 1
Page 1 of 21 Introduction to Construction Estimating and Contract Documents – Complete Guide.pdf
,Introduction to Construction Estimating and Contract Documents 2 of 21 2026-03-23
Terms in this set (78)
Estimating Determines the probable construction cost of a
project using plans and the project manual.
Profit Margin Provides the contractor with an acceptable rate of
return and compensates for project risk.
High bids consequences Loss of work.
Low bids consequences Loss of profit.
Page 2 of 21 Page 2 Introduction to Construction Estimating and Contract Documents.pdf
, Introduction to Construction Estimating and Contract Documents 3 of 21 2026-03-23
Incorrect quantities consequences Waste, delays, increased costs.
Detailed Estimate Full breakdown of materials, labor, equipment,
insurance, bonds, overhead.
Assembly Estimate Grouped components (e.g., light switch assembly).
Square-Foot Estimate Cost per SF, adjusted for height/perimeter.
Parametric Estimate Statistical relationships (SF, floors, perimeter, %
common space).
Page 3 of 21 Page 3 Introduction to Construction Estimating and Contract Documents.pdf
Introduction to
Construction Estimating
and Contract Documents –
Complete Guide
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_Page 1
Page 1 of 21 Introduction to Construction Estimating and Contract Documents – Complete Guide.pdf
,Introduction to Construction Estimating and Contract Documents 2 of 21 2026-03-23
Terms in this set (78)
Estimating Determines the probable construction cost of a
project using plans and the project manual.
Profit Margin Provides the contractor with an acceptable rate of
return and compensates for project risk.
High bids consequences Loss of work.
Low bids consequences Loss of profit.
Page 2 of 21 Page 2 Introduction to Construction Estimating and Contract Documents.pdf
, Introduction to Construction Estimating and Contract Documents 3 of 21 2026-03-23
Incorrect quantities consequences Waste, delays, increased costs.
Detailed Estimate Full breakdown of materials, labor, equipment,
insurance, bonds, overhead.
Assembly Estimate Grouped components (e.g., light switch assembly).
Square-Foot Estimate Cost per SF, adjusted for height/perimeter.
Parametric Estimate Statistical relationships (SF, floors, perimeter, %
common space).
Page 3 of 21 Page 3 Introduction to Construction Estimating and Contract Documents.pdf
