CHS Seminar Lesson 3 - Job Budgets (Estimates) And Proposals

Prepare a new Job Budget (or Job Estimate), set a Price based on Contract Type, and prepare a Job Proposal that will impress your prospective customer and help you get that job! Start a new budget by bringing in all the cost centers from your master OR by copying budgets from other template budgets. Budget for a cost center by using Items behind the cost code, or by using Bids From Trades or Suppliers, or by drilling down to review historical averages for other similar jobs. Mark certain budget lines as Allowances (or Options), prepare an Allowance Agreement, and track Allowance Variances to add or remove from the Contract Price. Prepare Budget Proposals based on the Contract Type for the job, like Fixed Contract, Costs Plus Builder Fee, or Costs Plus Markup, and learn about the difference between those contract types.