Create estimates for a job. Projects support multiple estimates in an effort to accommodate project options, phases, or even different project locations.
- Estimate List - View a list of all estimates for a specific job
- New Estimate - View a list of all estimates for a specific job
- Estimate Worksheet - Worksheet used to quickly create estimate.
Create and list all estimates for a specific job. The estimate list displays the estimate's active status, it's cost, price and margin. Select the estimate name to view the Estimate Worksheet. Select the New Estimate button at the top of the list to create a new estimate. There are a set of action items on right side of each estimate in the list that supports the following actions for the specified estimate:
- Edit estimate name, estimate margins, and active status
- Duplicate the estimate
- Create assembly from the specified estimate
- Export Estimate
- Remove the specified estimate from the job
Use the "New Estimate" to create a new estimate for the specific job. Assign a name for the estimate and specify the margins for this estimate. By default, the estimate will start with the margin values specified in the company setup. Specific projects may call for higher margins. Margins are not markups. The profit margin is a percentage and can be thought of as - "What percentage of the sales price is profit to me?". The exact formula is (Price-Cost)/Price.....
The "Estimate Worksheet" page is the work engine inside Remodel Cloud. Building an estimate will use your company's cost book and cost book setup when adding estimate line items. The worsheet lists all the line items in the estimate and groups the items by their Cost Item Group. Totals are displayed at the Cost Group Level and at the bottom for the entire estimate.
Cost Item Groups are used to group both our cost items in cost books as well as our estimate items in estimates. Groups contain like tasks such as Plumbing, Electrical, Permits, etc... User the arrow on the left side of the Cost Item Group to expand or collapse the view of the tasks under the specified cost item. The Cost Item Group displays the name of the group and the number of estimate tasks under the group. The total cost and price for all tasks under the group is also displayed. Select the plus icon on the right side of the Cost Items Group to add estimate tasks under the selected group.
The Cost Item Group displays the name of the group and the number of estimate tasks under the group. The total cost and price for all tasks under the group is also displayed. Select the plus icon on the right side of the Cost Items Group to add estimate tasks under the selected group.
Adding Line Items is done by selecting the plus icon on the right side of the Cost Items Group. This will popup a list of Cost Items specific to the selected Cost Item Group. Simplay click on checkbox for each task you would like to add to your estimate. Select the "Add" button and the selected tasks will be added with the specified quantity.
Do not be concerned if you can not find the exact task you are looking for. Insert a task similar to what you require and simply update the task in the estimate. Change the task name, quanity , unit of measure or price very quickly after it is inserted.
Updating Estimate Items only effect the associated estimate line item and not the original Cost Line Item in your Cost Book. An estimate task can be updated by 2 diffent methods. You can quick choose to change the task name, quantity, unit of measure or cost directly in the worksheet. Any changes in the workseet are saved automatically and the estimate totals are refreshed.
Secondly, you may choose to look at a more detailed view of the estimate task and update the task via the "Edit Item" popup (see below). You have the opportunity to update additional fields in the estimate task including margins. By default, margins are the same as the estimate margins, but you may optionally change the margins at the task level.
Add Assembly is method to add mutliple tasks to your estimates very quickly. Select the "Add Assembly" button to display a list of assemblies defined for your company. Select the assembly and click the "Add" button. All the tasks defined in the assembly will be added to the esimtate. This process will add tasks across all the Cost Item Groups. The Estimate totals will be udpated and refreshed after the assembly is added.