Fred Yarur Nothing in the world is worth having or worth doing - PowerPoint PPT Presentation

Fred Yarur

“Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty…” -T. Roosevelt

1. 2. 3. 4. 5. Repeat Acquire Estimate Sell Schedule Survey Qualify Produce Refer

2. 1. 3. 4. 5. Repeat Estimate Acquire Sell Schedule Survey Qualify Produce Refer

Estimating is the lifeblood of a successful painting contractor. Preparing an ACCURATE estimate is the most important function that a painting contractor performs.

1. Identify all items and surfaces to be finished 2. Measure and count all items and surfaces 3. Calculate labor cost

4. Calculate material cost 5. Identify additional costs 6. Add overhead 7. Add profit

1. Enhance adhesion 2. Enhance appearance 3. Protect non-painted surfaces

1. Missing items in the scope 2. Improper prep assessment 3. Forgetting to protect surfaces 4. Ignoring factors that affect labor and material

1. Reduce these errors 2. Make them easier to find

Ball park

Ball park

Estimating is using the history of past performance to predict future project costs.

Ball park Market Pricing

Market Pricing

Ball park Market Pricing Fl0or Area

Fl0or Area

Fl0or Area

Ball park Market Pricing Fl0or Area Labor Pricing

Labor Pricing 5 days @ $300 / day = $1500 40 hours @ $50 / hour = $2000

Ball park Market Pricing Fl0or Area Labor Pricing Unit Pricing

Unit Pricing

Unit Pricing

1. Identify all items and surfaces to be finished 2. Measure and count all items and surfaces 3. Calculate labor cost

4. Calculate material cost 5. Identify additional costs 6. Add overhead 7. Add profit

5080 SQFT / 400 SQFT/HR = 12.7 Hours Production Rate: 400 SQFT/HR

5080 SQFT / 325 SQFT/GA = 15.6 Gallons Spread Rate: 325 SQFT/GA

Rental: 2 Days @ $350 / day = $700

13 hours x $20/hr = $260 Example: 80% overhead markup $260 x 1.8 = $468

$468 + $700 rental + 16 gal @ $25/gal = $400 $468 + $700 + $400 = $1568 Example: 20% profit markup $1568 x 1.2 = $1881.60

10 Rules of Estimating