The complete and accurate cost estimate prepared just before submitting a bid.
A final estimate is the most complete and accurate cost projection for a project, prepared from fully developed construction documents immediately before bidding. It serves as the basis for a contractor's bid submission and typically carries accuracy within plus or minus 5%. The final estimate incorporates all subcontractor quotes, material pricing, and general conditions costs.
Get AI-powered bid alerts, automated form filling, and proposal drafting.
Start Free Trial