What is the first step in the cost estimating process?

The first step in the cost estimating process is determining the quantity of materials and labor. This critical initial phase involves quantifying exactly what resources will be needed for a project, which directly influences the overall cost estimation.

Before any bid proposal can be prepared or submitted, a clear understanding of the project requirements is essential. This includes identifying the types and amounts of materials required, as well as the labor hours needed to execute the tasks. Accurate quantity takeoffs ensure that the subsequent cost estimation reflects realistic expenses.

Only after this quantity determination can the estimator prepare a cost summary, develop a bid proposal, or submit a project bid. Each of these subsequent steps relies on the foundational information established during the quantity determination phase, making it the logical starting point for the entire cost estimating process.