Estimating

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I believe you, like our past customers have, will find Elite's approach to costing, billing...etc., to be refreshingly up front!

You will not get the standard proposal showing $X for labor, $Y for materials. Not really knowing what you are paying for any particular item or the hourly rate(s), as you would and most likely have gotten in the past from others.

What you will get from Elite is explained below!

 

 

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Elite's estimates (see a sample estimate below) break down item by item the cost for each, both materials and services to be used. 

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Essentially, we work by a time and material basis, but with a labor hold on hours. You'll find in the note section of each estimate  "BILLED AMOUNT WILL BE: ALL MATERIALS AND OTHER DIRECT COSTS ATTRIBUTED TO PROJECT, PLUS MAN HOURS WORKED @ RATE SPECIFIED not to exceed -- hrs on project as proposed. 

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We estimate man hours based on labor factors we have developed over 30 years by project type, industry standards and our extensive history on similar projects. The hours for each specific project are derived then by multiplying the total materials cost by the labor factor. (example: Estimated Materials of $5000.00 for a remodeled typical bath we use a labor factor of .035 which would result in a man hours labor hold of 175) The hourly rate we will be charging for those man hours is shown.  Estimates  for subcontracted items such as electricians, plumbers, excavators, etc. will also be shown but paid direct to the individual subcontractor, and we charge you what they charge us, no kick backs.  These subcontractors hired by Elite will answer to Elite and we accept responsibility for their performance. Any change in plan, additions to project or change in materials type and or quality from original estimate that change the labor time will be tracked and those added labor hrs will be charged.

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We use an expansive data base that gives us a labor factor (material cost to labor coefficient) to use on each project type, in this way we can guarantee the most hours we expect to put in on your project.  PLEASE NOTE THAT MATERIAL COSTS LISTED ARE AS OF THE TIME OF THE ESTIMATE AND ARE SUBJECT TO INCREASES BY THE VARIOUS VENDERS AND ARE GENERALLY ONLY GOOD FOR 30 DAYS.     

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A "Time (not to exceed labor hrs hold as noted) & materials estimate" will be noted at the top of each estimate. This means: You pay only for the man hours worked on your project.  We give you a job ledger at the end of the job (you can see one at "how we do billing") showing each purchase, costs and  hours worked logged each night.  This ledger is provided every few weeks on big projects so you can see how we and the costs are progressing.  As mentioned above, we give the maximum man hour threshold that will be charged.   

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If for example: We estimate the max man hrs at 20 and we use 18,  you only pay for those 18 hours, if we however used 22 you would pay 20 (the labor hold).  We will only go over that limit if changes or additions are made by the customer or a major problems arise (i.e., finding rot during remodeling) requiring additional work. If changes etc. are made, or unforeseen problems arise we will then use the labor factor to determine what our new labor hold would be to insure we stay productive, or we will log the additional hrs directly attributed to these changes, or do an additional estimate covering these changes (only if requested). If such an estimate is requested the down time required if we have to stop the project and time to augment the estimate will be charged at the project rate..

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When you sign for a project we ask for 10% up to $2000,down  non- refundable retainer fee to hold your spot on our schedule.       RETAINER FEES BECOME PART OF MATERIALS DOWN PAYMENT AT PROJECT START, AND IS FORFEITED IF CUSTOMER BACKS OUT AFTER SIGNING. SCHEDULED PROJECT START DATES DELAYED BY CUSTOMER MORE THAN 90 DAYS MAY AT ELITES DISCRETION  BE CONSIDERED BACKING OUT OF THE COMMITMENT AND IS THEN SUBJECT TO RETAINER FORFEITURE.

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A signed copy, of a printed copy of our PDF estimate is preferred, however electronic confirmation of any sort of an estimate via., e-mail, text, etc. constitutes acceptance, as a signature. In addition sending a signed check in the amount of Materials deposit, and or retainer in the amounts shown in an estimate will constitute acceptance of that estimate (contract) as written including all terms and conditions.

bulletNew construction will be done using an industry standard builders contract, with all it's usual allowances, or our std method if both the customer and Elite prefer.

SAMPLE ESTIMATE