In the Construction industry, you must be familiar with the term quantity takeoff, or material takes off. This process has been used in the construction industry since old times to calculate the materials used to accomplish a project.
It is beneficial to win more bids and make the business profitable. In the construction industry, we’ll thoroughly discuss what it is and how it works.
How does quantity takeoff work?
Quantity takeoff is a process used in construction to accurately measure and estimate the materials, labor, and equipment needed to complete a project.
It involves reviewing construction drawings and specifications to identify the types and quantities of materials required and the labor and equipment needed to install them.
The measurements and estimates generated through quantity takeoff are used to create a construction budget and schedule.
The goal of quantity takeoff is to accurately predict the resources needed to complete a project so that the project can be completed on time and within budget.
Why it is essential in the construction business
It is essential to get a takeoff before starting the project so you can get things under the budget and work with a plan accordingly.
Takeoff is suitable for doing construction projects successfully, but it also helps you win more bids, which is an essential part of the construction industry.
When getting the takeoff, everything is calculated the cost of the material, labor, transportation cost of the material, and weather conditions which may affect the construction work in the future, so every contractor and subcontractor perform take off by themselves or outsource it before getting into the project.
Advantages of Quantity Takeoff in Real Estate Development and Construction
There are several advantages to using quantity takeoff in construction:
- Get accurate estimates: Quantity takeoff allows for a more accurate cost estimate for a construction project, as it involves measuring and calculating the exact quantities of materials and labor needed. It can prevent cost overruns and keep the project on budget.
- Make project more efficient: By accurately calculating the materials needed, quantity takeoff helps ensure minimal waste on the job site. As a result, construction costs can be reduced and efficiency can be improved.
- Every task is planned: Quantity takeoff can help with project planning by clearly understanding the materials and labor required for each stage of the construction process. This can help contractors and project managers better plan and schedule their work.
- Risk management: The quantity takeoff process helps identify and mitigate potential risks by providing a clear understanding of the materials and labor required for a construction project. As a result, project safety can be improved, and the likelihood of delays or cost overruns can be reduced.
Major Types of Quantity Takeoffs in Real Estate Project Development
In contemporary construction practices, professionals primary use two types of takeoffs.
1. Manual Takeoff
Manual takeoff is a method of performing quantity takeoff in which an estimator physically measures and calculates the quantities of materials and labor needed for a construction project. This is typically done by reviewing construction plans and specifications and then using a ruler or other measuring tool to measure and mark off the dimensions of each material or component. The estimator then calculates the quantities needed to be based on these measurements.
Manual takeoff can be a time-consuming process, as it requires a lot of attention to detail.
2. Digital Takeoff
On the other hand, digital takeoff is done by entering the values in the digital software and calculating the value using a formula. Digital takeoffs are more accurate and less time-consuming as compared to manual takeoffs.
Conclusion
In conclusion, quantity takeoffs are very important for contractors and subcontractors to win more bids and decrease the project’s risk management to make it more successful.
If you are looking to outsource these services, it is good for you to focus more on the core components of the project.
