The construction industry is a very competitive market and it is important to stay ahead of your competitors. The construction industry has a lot of complexities and it requires a lot of skills and knowledge which are not common in other industries. So, it is essential for every business owner to understand what is a builder's estimate and how can they use it effectively.
There are two types of construction estimates
One is the general estimate and the other one is the detailed estimate. Both types of estimates are very different and have different purposes. The detailed Construction estimation is prepared in such a way that it gives detailed information about all the aspects of the project.
Whereas, the general estimate is prepared by the architect or the engineer as per the guidelines provided by the client. This type of estimate is very brief and only gives the information that is required by the client to make a decision. So, if you want to know more about the construction estimates then keep reading.