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Good morning thank you for coming to today's presentation on estimating we have two presenters John Horn and Paul Lawrence both are builders both our industry consultants both our construction educators with a lot of experience the presentation on estimating given by Paul and John is a breakdown of the discipline of estimating John will give an overall presentation on how to put together an estimate and the things and processes that you must consider ensuring accuracy Paul then will drill down further and look at a particular unit in estimating that a lot of people tend to forget that is the covering of your overheads the covering of your costs and how you will then incorporate that into your list of the final figure that John Horn will outline our first presenter John Howe that some fundamentals about estimating from the quantity takeoff through to the estimate itself estimates start from a quantity takeoff and end in an estimate and go on further to purchase orders and so forth as a job proceeds I like many of you started my working career as the Prentice Condor I then moved on to things like supervision and subcontracting and then when I got to the stage where I thought I'm ready I want to be a builder I sort some advice from an old builder that I'd worked for in the past and I went up to him and I asked him of what made the statement that I wanted to be a builder and I thought could you give me some advice and all I've gotten response was a question you want to be a builder a and during the conversations we had he said that every building office has only got three important things and that is good documentation and good documentation, so I said when you get to a point where you're actually estimating and doing a quantity takeoff it's no different you need to record meticulously everything that you do his advice and part was as follows always be sure of where you were headed to always be sure of where you're at and three always remember where he'll have been those comments were relating to not just estimating but the way you would conduct your business on point one he explained that you need to do meticulous estimating don't take shortcuts don't try and speed things up be accurate methodical and go from the beginning through to the end recording everything as you go he said accurately take off all the materials and labor the quoted items the contingencies Statuary fees and charges holding charges and the overheads and profit all other things have to be accounted for within the estimate in regard to the materials and labor that is a fairly diverse area of any estimate it can be unit rates or composite rates to make up your estimate your labor and materials come from various sources, so you could have a situation where you have labor only suppliers like subcontractors you can have supply and fix subcontractors you can have suppliers that supply small amounts of materials some that supply lots of materials an example of quoted items would be...
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