INVESTORS-WHAT DOES A WELL PRESENTED GC ESTIMATE LOOK LIKE?

[James Carollo]

I’m on a quest to give fast and accurate estimates. I would say my greatest skill set is knowing the costs of rehab for all kinds of investment property.

There are different scenarios for estimating for an investor.

There is the “ballpark” (I don’t trust these, we try to keep from change orders.)

There is the walk thru and give as accurate as possible from a 30 minute visit or even reports and photos.

Then there is wanting me to give you a formal Quickbooks estimate of exactly what will be done-my price.

I have been working on usable forms on our website/app that investors or myself can easily fill out (check boxes) that have real prices. Now I have it with a range for each item and easy adding and subtracting of quantity/measurement. Garbage disposal and install $130-$140 (quantity 2) $260-$280.

So many ideas and all to make investors life easier. And mine.

So tell me what a well presented estimate and ideas of things that are confusing or cause a problem.

Besides price, how can a GC/Contractor Estimate be better?