(15-20 minutes)
- What am I trying to estimate?
- Writing down a proposed list of labour & materials needed
- What information do I already have?
- What do I need to find out? (e.g. rates, hours, tax status, VAT)
- Additional costs? (e.g. travel, per diems, accommodation, overtime, holiday pay, pension contributions)
- What do I already know? (e.g. sizes, quantities, quality)
- What do I need to find out? (e.g. quotes, prices)
- Making assumptions and ensuring consistency
- Researching and putting costs against each component
- Recognising VAT inclusive and VAT exclusive prices
- Using this information to prepare a budget on the spreadsheet
