Cost Estimate Sheet for Contractors
Cost Estimate Sheet for Contractors
I. Introduction
Tracking costs throughout the project lifecycle is essential to ensure that the project stays within budget and on schedule. This Cost Estimate Sheet has been meticulously prepared to assist in monitoring expenses and provide transparency for all stakeholders. Prepared by [YOUR NAME], this document serves as a detailed roadmap for managing and aligning estimated and actual costs throughout the project.
II. Project Information
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Project Name: ApTerra Housing Development
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Prepared By: [YOUR NAME]
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Email: [YOUR EMAIL]
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Prepared For: ApTerra
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Date of Estimate: January 10, 2050
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Start Date of Project: February 01, 2050
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Expected Completion Date: December 30, 2050
III. Estimated Costs Breakdown
|
Item No. |
Category |
Description |
Estimated Cost (USD) |
Notes/Comments |
|---|---|---|---|---|
|
1 |
Materials |
Cement, Steel, Lumber |
$150,000 |
Includes bulk purchase |
|
2 |
Labor |
Skilled Workers and Subcontractors |
$200,000 |
50 workers for 10 months |
|
3 |
Equipment |
Heavy Machinery Rental |
$75,000 |
Crane, bulldozer, backhoe |
|
4 |
Permits & Fees |
Local and State Building Permits |
$10,000 |
Regulatory fees and licenses |
|
5 |
Overheads |
Transportation and Utilities |
$20,000 |
Gas, electricity, water |
|
6 |
Contingency |
Unforeseen Costs |
$25,000 |
10% of total estimated cost |
|
7 |
Total Estimated Cost |
$480,000 |
IV. Actual Costs Breakdown (as of August 15, 2050)
|
Item No. |
Category |
Description |
Actual Cost (USD) |
Notes/Comments |
|---|---|---|---|---|
|
1 |
Materials |
Cement, Steel, Lumber |
$160,000 |
Price increase in steel |
|
2 |
Labor |
Skilled Workers and Subcontractors |
$210,000 |
Extended work hours |
|
3 |
Equipment |
Heavy Machinery Rental |
$80,000 |
Additional machinery rented |
|
4 |
Permits & Fees |
Local and State Building Permits |
$10,500 |
New permit requirement |
|
5 |
Overheads |
Transportation and Utilities |
$21,000 |
Increased fuel prices |
|
6 |
Contingency |
Unforeseen Costs |
$20,000 |
Equipment repairs |
|
7 |
Total Actual Cost |
$501,500 |
V. Cost Variance Analysis
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Total Estimated Cost: $480,000
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Total Actual Cost (as of August 15, 2050): $501,500
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Cost Variance: +$21,500 (4.5% over budget)
VI. Conclusion
The actual costs have exceeded the original estimate by $21,500, which represents a 4.5% variance primarily due to rising material prices and additional labor requirements. Adjustments are being made to keep the project on track, and further contingency planning will be essential to ensure completion within budget. Please contact [YOUR NAME] at [YOUR EMAIL] for any inquiries or additional updates on the cost-tracking process.
This sheet will be continually updated to reflect ongoing expenditures and ensure financial accountability across all stages of the project.
