Estimating Errors are Lost Profit
from Markup and Profit
Estimating the cost of a project accurately is critical if you want to be profitable. When you miss items, or underestimate how long a task will take, the job will cost more to build than anticipated. That additional cost comes out of your profit. The one problem area I hear about most frequently is estimating labor. This is a problem primarily with remodeling and specialty contractors, but to some degree it also applies to those building new homes.
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