Templates
Construction estimate template

Construction estimate template

Create accurate construction cost forecasts with our detailed estimate template. Includes all essential project components for winning bids and preventing budget overruns.

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
Construction estimate template

Create accurate construction cost forecasts with our detailed estimate template. Includes all essential project components for winning bids and preventing budget overruns.

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

We created this construction estimate template specifically for contractors and project managers who need to produce accurate, professional cost projections under tight deadlines. The template includes dedicated sections for project details, scope definition, materials breakdown, labor costs, equipment expenses, and contingency allowances, all structured to prevent costly oversights.

Imagine preparing for a competitive bid where the client expects detailed cost justifications; this template allows you to quickly organize your numbers while highlighting value points that differentiate your proposal. With construction projects frequently exceeding budgets by 28% on average, this template’s comprehensive approach ensures you account for all potential expenses upfront.

Related categories

Preview of the template
Page 1
Project Details
Project Name
Project Location
Project Description
Client Information
Client Name
Client Contact
Client Phone
Client Email
Estimate Details
Estimated Start Date
Estimated Completion Date
Estimated Labor Cost
Estimated Material Cost
Estimated Equipment Cost
Estimated Permit Cost
Estimated Contingency
Estimated Total Cost
Project Scope
New Construction
Renovation
Addition
Other

Frequently asked questions

When should I update my construction estimate during a project?

Review and potentially update your estimate after completing detailed design work, when receiving subcontractor bids, if project scope changes, when encountering unexpected site conditions, or if there are significant material price fluctuations. Regular comparison between estimated and actual costs also helps refine future estimates and identify potential issues early.

How do I use the construction estimate template?

To use this estimate template, fill in the project details, define the scope of work, list materials and labor costs, and allocate a budget for contingencies. Customize the template to fit your specific project needs and ensure all necessary information is there for accurate cost estimation.

What common mistakes should I avoid when using a construction estimate template?

Avoid underestimating labor hours, overlooking permit fees, using outdated material prices, forgetting to include equipment costs, and neglecting to add overhead expenses. Also ensure you’re accounting for site-specific challenges like difficult access or specialized safety requirements that might increase costs beyond standard calculations.

How should I handle contingency funds in my construction estimate?

Allocate 5-10% of the total project cost as contingency, with higher percentages for projects with greater unknowns (like renovations versus new builds). Clearly label this as a contingency fund and briefly explain its purpose to clients. This transparency demonstrates foresight and protects your profit margins when unexpected issues inevitably arise during construction.

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.