Estimating
Estimating Overview
Our Estimating team has years of experience in the construction field. We start an estimating a project with a structured, multi-step process combining technical analysis, historical data, and risk management to forecast project costs and resources. We thoroughly define the scope in a “Bill of Quantities” to break down work packages into detailed material, labor, and overhead costs. We then apply unit prices based on current market rates and add contingency allowances for risks.
Bill of Quantities
Our estimating method involves systematically quantifying all materials, labor, and equipment needed for a project based on drawings and specifications. We break down the project into detailed work items—such as steel cutting, welding, finishing, assembling and cleaning—assigning specific units of measurement to each component/part to create a precise, standardized list. We then apply current unit rates—encompassing material costs, labor, plant, overheads, and profit—to calculate the total cost per item, providing a transparent basis for competitive tendering and final project budgeting.
Computerized Tasks
We developed a proprietary in-house computer application called Material Take-Off (MTO), specifically designed to streamline and enhance the estimating process. MTO enables us to complete estimating tasks with remarkable speed and precision, significantly reducing the time traditionally required for manual calculations. By leveraging advanced algorithms and a user-friendly interface, the application minimizes the risk of human error while ensuring that every estimate is thorough, consistent, and reliable. As a result, our clients benefit from faster turnaround times and greater confidence in the accuracy of the figures we provide, reinforcing our commitment to delivering high-quality, dependable service.
Rilco in-house-developed Material Take-off application
