Quantity Takeoff in Construction: Process, Benefits and More
Summary
The primary goals of a quantity takeoff are to accurately estimate costs by determining how much of each item is required, planning procurement to ensure that enough materials are ordered in the right quantities at the right time, scheduling projects by understanding the scale of materials and labor required and helping contractors with the bidding process to prepare competitive bids for construction projects. Quantity takeoff documents can be in the form of spreadsheets or digital files and often involve using construction management software or tools to help automate the process, especially for larger projects. That’s why general contractors prefer ProjectManager, award-winning construction project and portfolio management software that has multiple planning tools. By identifying the exact amounts of materials, labor and equipment needed, contractors can avoid underestimating costs or running into unexpected expenses, which helps ensure the project stays within budget. This free construction budget template for Excel follows a work breakdown structure to list all project tasks and the labor, materials and other costs.
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