WEBVTT 00:00.000 --> 00:04.560 So now let's talk about what to include and exclude on an estimate cover sheet. 00:04.560 --> 00:08.880 It's always a good practice to create a cover sheet, having all general information of 00:08.880 --> 00:14.040 the estimate regardless of whether or not it's required as a bid proposal or a bid form 00:14.040 --> 00:15.720 that needs to be filled out. 00:15.720 --> 00:18.600 So start by identifying what the scope of the project is. 00:18.600 --> 00:23.440 The self-explanatory cover sheet or client provided bid form for the estimate should be used 00:23.440 --> 00:26.360 to include the following information at a minimum. 00:26.360 --> 00:30.520 Now keep this in mind that even if it's not required, it's beneficial to have some 00:30.520 --> 00:34.880 sort of a cover sheet for your estimate so that it could be understood if it's looked 00:34.880 --> 00:40.040 at three months from now or six months or a year from now, it has to still make sense. 00:40.040 --> 00:42.680 So here we have a project name and location. 00:42.680 --> 00:47.360 The location is important here, which helps identify if there's any related travel costs 00:47.360 --> 00:51.600 or different city cost indexes that may have been applied to the estimate. 00:51.600 --> 00:53.440 Very important include a proposal date. 00:53.440 --> 00:55.560 What date was it submitted to the client? 00:55.560 --> 01:00.320 Because very often these prices are only good for 30 days or 60 or 90 days. 01:00.320 --> 01:04.640 Make sure you identify that in your proposal, but include a proposal date. 01:04.640 --> 01:05.880 Client company name. 01:05.880 --> 01:10.320 This is the full name of the client or company name that you're bidding the work to. 01:10.320 --> 01:14.160 In addition to the client company name, make sure that it includes the contact information 01:14.160 --> 01:16.360 including phone address, etc. 01:16.360 --> 01:21.000 In addition, include the estimator's name of the project, the name and your company, 01:21.000 --> 01:22.760 along with the estimate amount. 01:22.760 --> 01:27.680 The scope will work and I'm noting here to specify the trades and spec sections if you're 01:27.680 --> 01:29.000 a subcontractor. 01:29.000 --> 01:34.240 So therefore your scope would be limited, perhaps to plumbing or electrical or rough carpentry. 01:34.240 --> 01:39.640 As a general contractor, the scope may identify that is building number two, phase one or whatever 01:39.640 --> 01:42.760 that may be for plans and specifications dated. 01:42.760 --> 01:43.760 This is vital. 01:43.760 --> 01:48.920 You are given a set of bid documents to work off of to provide your pricing needs be identified 01:48.920 --> 01:54.640 carefully with the actual plan date and any specifications and also if there's any 01:54.640 --> 01:56.600 adenums associated with them. 01:56.600 --> 02:02.520 Provide any inclusions if applicable, any exclusions, alternates and assumptions. 02:02.520 --> 02:04.880 These may not always be available on the bid form. 02:04.880 --> 02:08.720 They might not actually have any room for that, but if there's a place to identify that 02:08.720 --> 02:13.000 or actually add a separate page, include those if acceptable. 02:13.000 --> 02:18.040 Keep in mind that exclusions are sometimes not allowable within a bid form. 02:18.040 --> 02:21.440 So understand your bid form and what the limitations are for that. 02:21.440 --> 02:25.420 If it's an negotiated job or a client that you're working directly with, then you actually 02:25.420 --> 02:30.800 have a liberty to go ahead and identify inclusions and exclusions and perhaps even an exclusion 02:30.800 --> 02:35.680 but then you could also provide an alternate or an add-on amount for that if it's unclear 02:35.680 --> 02:37.640 whether or not it's going to be required. 02:37.640 --> 02:42.400 And what I mean by assumptions is if something's unclear on the bid documents that are not 02:42.400 --> 02:47.280 clearly identified, that's where you make an assumption because for example you know that 02:47.280 --> 02:50.760 this is going to be extra repayment on the outside of the building, but you don't know 02:50.760 --> 02:54.960 what type it may be so you could verify what the assumption is that we're going to use 02:54.960 --> 02:58.480 colored concrete and it might be scored every so many feet. 02:58.480 --> 03:01.520 That could be a fair assumption of what's going to be installed on the outside. 03:01.520 --> 03:03.280 That's included in your price. 03:03.280 --> 03:07.240 So it helps validate the scope of work that you're priced at in your estimate to the client.