Rampant Inflation, how often are you having to update your Estimate Templates?

[Corbett Brasington]

Wondering how everyone else is doing this.  If you follow the book "how to estimate rehab costs" its says to call certain trades to get estimate baselines for simple things..... but when materials and labor are increasing crazy fast to keep up this would be doing this with all 25 trades once a quarter.   I am not a heavy hitter in flips at this point, just doing my first one but what I have seen in the last 2 years is:

2021 : 2023 prices

- Concrete Peirs $350 per, now $550 per

- Sub Flooring: $8 per sheet, now $24 per sheet

- Reshingle a Standard Gable roof:  $8k, now $11k

I could continue with more examples, but how are you all keeping up with the price updates so your rehab estimates are not grossly wrong?

How often are you updating your templates?