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Construction cost estimate template

Construction cost estimate template

Discover how our construction cost estimate template can help you accurately budget your construction projects.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
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or Download template as PDF
Construction cost estimate template

Discover how our construction cost estimate template can help you accurately budget your construction projects.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
Prices start from ░░░ per month
Book a demo
Learn more
or Download template as PDF

Our construction cost estimate template delivers a comprehensive framework for accurately forecasting project expenses from start to finish. Unlike basic calculators, this template includes dedicated sections for direct costs (materials, labor, equipment), indirect costs (permits, insurance, supervision), contingency funds, and profit margins. When bidding on competitive projects, this structured approach ensures you capture all potential expenses while presenting a professional, transparent breakdown that builds client trust.

A 2023 industry report by HKA’s CRUX Insight, major construction projects worldwide are experiencing significant cost overruns, with disputed costs amounting to more than a third of project capital expenditure (33.6%) on average. With our template, you’ll avoid this common pitfall by systematically accounting for all cost factors before breaking ground

Related categories

  • Risk management and compliance templates
  • Construction templates
  • Safety templates
Preview of the template
Page 1
Project Information
Project Name
Project Location
Project Description
Project Type
Project Size (sq ft)
Project Start Date
Project End Date
Labor Costs
Labor Rate per Hour
Total Labor Hours
Total Labor Cost
Materials Costs
Total Materials Cost
Equipment Costs
Equipment Rental Rate per Hour
Total Equipment Hours
Total Equipment Cost
Subcontractor Costs
Subcontractor Costs
Contingency
Contingency %
Overhead and Profit
Overhead %
Profit %
Total Estimated Cost
Total Estimated Cost

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Frequently asked questions

What information should I gather before using the construction cost estimate template?

Before starting, collect detailed project specifications, current material prices from suppliers, accurate labor rates for different worker types, equipment rental costs, permit fee schedules, insurance requirements, and project timeline details. Also review similar past projects to identify potential contingency needs and ensure you account for all possible expenses in your estimate.

What’s the difference between direct and indirect costs in a construction estimate?

Direct costs include expenses directly tied to physical construction: materials, labor, equipment, and subcontractor fees. Indirect costs cover expenses not directly tied to construction activities but necessary for project completion: permits, insurance, project management, temporary facilities, utilities during construction, and administrative expenses. Both categories must be thoroughly accounted for in your estimate.

How can I use this template to create more competitive bids without sacrificing profit?

Create competitive bids by analyzing where you can leverage volume discounts on materials, identifying tasks where your team has exceptional efficiency, highlighting value-engineering opportunities that maintain quality while reducing costs, and clearly presenting these advantages in your estimate to demonstrate value rather than just competing on price alone.

How can I present my construction cost estimate professionally to clients?

Present estimates professionally by organizing information with clear section headers, using consistent formatting throughout, including a concise executive summary highlighting key figures, providing brief explanatory notes for complex items, using visual elements like charts where helpful, and concluding with your value proposition that explains why your estimate represents the best balance of cost, quality, and reliability.


This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.
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