Using Excel's Basic Formula Functions to Create an Project Estimate

As construction sector is considered one of the money driven industries, so proper estimation of the construction project is vital to establish scopes of projects.

The owner takes decision on the basis of their predefined budget and how they maintain as well as remain closer to their budget. If there is a huge surplus out of the budget, the large chunk of the budget left over they will know they can build bigger and better. To start an estimate, a quantity takeoff should be accomplished taking into consideration some specific construction materials.

As for example, If you go with concrete, then arrange a table to outline the areas and data as per your requirements. If you perform this manually, it can be time consuming, laborious as well as complicated for bigger project. But if you apply some spreadsheet based basic equations or formulas, the process would be simplified to a great extent.

Given below, some exclusive equations or formulas which can streamline your construction estimating process significantly.

• Creating the Table
• Formatting the Table
• Entering Data
• Calculating Area
• Converting to Cubic Yards
• Formatting the Numbers
• Calculating Area Cost
• Creating an Absolute Reference
• Using the Sum Function
• Your Finished Table
• Entire Project Cost

Ref: www.instructables.com