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PROJECT SETUP & GENERAL INFORMATION
Construction Project Cost Estimation Model
PROJECT DETAILS
Project Name: [Enter Project Name]
Project ID / Code: PROJ-2026-001
Project Location: [Enter Location]
Project Type: Commercial / Industrial / Residential
Client / Owner: [Enter Client Name]
Project Manager: [Enter PM Name]
Estimator: [Enter Estimator Name]
Date of Estimate: 2/12/2026
Estimate Revision: Rev 0 - Initial Estimate
Project Description: [Enter brief project description]
KEY DATES & TIMELINE
Project Start Date: 03/01/2026
Planned Completion Date: 02/28/2028
Mobilization Date: 02/15/2026
Substantial Completion: 12/31/2027
Final Completion: 02/28/2028
Duration (Months): 23.9
COST ASSUMPTIONS & PARAMETERS
Currency: USD
Base Year for Pricing: 2026
Escalation Rate (Annual %): 3.5% Annual cost escalation factor
Contingency Rate (%): 10.0% Applied to base estimate for unknowns
Management Reserve (%): 5.0% Additional reserve for scope changes
Overhead Rate (%): 15.0% General & Administrative overhead
Profit Margin (%): 8.0% Contractor profit percentage
Sales Tax Rate (%): 6.5% Applicable state/local sales tax
Bond / Insurance Rate (%): 2.0% Performance / payment bond
Mobilization / Demobilization (%): 3.0% Site mobilization percentage
ESTIMATE APPROVAL
Role Name Signature Date
Prepared By:      
Reviewed By:      
Approved By:      
Client Approval:      
NOTES & INSTRUCTIONS
1. Blue cells are editable inputs. Black text = calculated formulas.
2. Cost assumptions drive calculations across the entire model.
3. WBS sheet contains the hierarchical work breakdown structure.
4. Cost Estimation sheet provides detailed cost entry by category.
5. Contingency rate applies to base estimate before markups.
6. All sample data is for illustration - replace with actual data.
7. Change Orders should be logged on the Change Orders sheet.
8. Update Actual Costs regularly to monitor project health.
COLOR CODING LEGEND
Blue Text Hardcoded input (user editable)
Black Text Calculated formula (within same sheet)
Green Text Cross-sheet reference (links from other sheets)