3. what role does estimating play in the success of a construction company?

Estimating is the process of evaluating a job to see how much it will cost to do. This is very important, because the company first has to evaluate the costs, then factor in how much profit margin they need to make. That total number is the amount they will bid for the project, and their bid has to compete with all the other construction companies who want the job.

If the price is too high, their bid might not get picked. If it is too low, they may get picked and not have enough money to finish the job. It is very important to get the first step of estimating correct.

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