5 Estimation Mistakes That Could Be Costing You Thousands

Stop guessing—start profiting! Avoid these common pitfalls and take control of your estimates.

Accurate estimates are the foundation of a profitable contracting business. However, even experienced contractors can make mistakes that lead to lost profits, unhappy clients, or wasted time. Here are five common estimation mistakes and how you can avoid them with tools like BuildMás.

1. Underestimating Material Costs

It’s easy to overlook rising prices or miscalculate the quantity of materials needed. This often leads to unexpected expenses that eat into your profits. BuildMás helps you stay up-to-date with accurate material cost tracking to ensure your estimates reflect current market conditions.

2. Ignoring Labor Hours

Many contractors underestimate the time it takes to complete a job. This can result in rushed projects or going over budget. By using BuildMás, you can factor in realistic labor hours based on the scope of the job, ensuring every detail is covered.

3. Forgetting Overhead Expenses

Overhead costs like equipment maintenance, insurance, and transportation are often overlooked. BuildMás lets you easily include these expenses in your estimates so you don’t accidentally cut into your profit margins.

4. Not Accounting for Contingencies

Unforeseen issues like weather delays or unexpected repairs can disrupt your timeline and budget. BuildMás allows you to add contingency percentages to your estimates, keeping your profits safe no matter what surprises come your way.

5. Lack of Professional Presentation

A sloppy or unclear estimate can turn potential clients away. BuildMás generates professional, clear, and detailed estimates that build trust with your clients and set you apart from the competition.

Final Thoughts:

As a contractor, your estimates are more than just numbers—they're the key to your success. By avoiding these mistakes and using a powerful tool like BuildMás, you can save time, boost profits, and enhance your reputation.

Ready to take control of your estimates? Try BuildMás today and experience the difference!