WEBVTT

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Estimating material costs, so let's talk about how materials are priced. Although

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materials may be installed by a given unit of measure, it may need to be

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purchased with a different unit of measure. And here's some examples, concrete.

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Ready mixed by the pound in various size sacks, or you can have it pre-mixed and

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have it purchased by the cubic yard. Lumber. Lumber pricing is ultimately

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established in board feet, even though you may be purchasing 1,000 feet of 10

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foot studs. To define what a board foot actually is, it's 1 inch by 12 inches by

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12 inches and that equals 1 board foot. Board feet or BF is a volume unit of

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measure. Gypsum board. It's purchased by the square foot per sheet size

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increments and installed by the square foot. Plaster. Plaster is purchased by

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the pound in various sacks sizes and it's installed by the square yard. Painting

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is priced by the gallon and installed by the square foot. It's important to know

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when you look at your painting is understand what the absolute cost is per

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square foot for all required coats. So to recap on material costs, make sure that

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you understand clearly what's required for purchasing, including the unit of

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measure and the unit sizes required for individual purchases. You also need to

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understand that purchasing materials is going to require different quantities

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compared to your labor. We'll talk about that more as we move on into the

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estimating process of how to price out your material cost quantities versus

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your labor cost quantities.