BOE Template

Navigation: estimate-classification | index

Copy this template for every estimate you produce. Fill in every section. A blank section is not acceptable — if a section doesn’t apply, state why.

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Project Name: _______________________________________________ Project Location: _______________________________________________ Owner/Client: _______________________________________________ Design-Build Contractor: _______________________________________________ Prepared By: _______________ | Date: _______________ Reviewed By: _______________ | Date: _______________ Estimate Revision: Rev ___ | Supersedes: Rev ___

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Section 1: Estimate Identification

Field	Value
AACE Estimate Class	Class ___ (1 / 2 / 3 / 4 / 5)
Expected Accuracy Range	-% / +%
Design Completeness	___%
Estimate Purpose	ROM / Feasibility / Budget Authorization / GMP Submission / Check Estimate
Pricing Date	All unit rates and quotes valid as of: _______________
Location	City, State
Location Factor Applied	___ (vs. national average = 1.00)

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Section 2: Reference Documents

Document	Revision	Date	Source
Architectural Floor Plan	Rev ___	//___	A/E firm
Site / Civil Plan	Rev ___	//___	Civil engineer
Structural Framing Plan	Rev ___	//___	Structural engineer
Mechanical P&IDs	Rev ___	//___	Process engineer
Electrical SLD	Rev ___	//___	Electrical engineer
Equipment List	Rev ___	//___	Owner / process engineer
Geotechnical Report	Rev ___	//___	Geotech firm
Survey	Rev ___	//___	Surveyor
Specifications	Rev ___	//___	A/E firm
Owner’s RFP	Rev ___	//___	Owner

Documents NOT available (assumed):

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Section 3: Scope of Work — Inclusions

Building / Structural:

• _______________________________________________

Civil / Site:

• _______________________________________________

Mechanical / Plumbing:

• _______________________________________________

Electrical:

• _______________________________________________

Process Equipment (Divisions 40–45):

• _______________________________________________

Soft Costs:

• Design fees: $___________ (___% of construction cost)
• Permits and fees: $___________
• Testing and inspection: $___________

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Section 4: Scope of Work — Exclusions

• Owner-furnished equipment (OFE): All equipment on OFE list
• Process equipment vendor startup and commissioning labor
• IT infrastructure, MES/SCADA/PLC programming and software
• Production validation (for food/pharma)
• Furniture, fixtures, and equipment beyond scope drawings
• Hazardous materials abatement (pending survey — see allowance in Section 8)
• Escalation beyond pricing date (see Section 7)
• _______________________________________________

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Section 5: Estimating Methodology

Cost Category	Method	Source
Site work / Earthwork	Bottom-up QTO from civil drawings; unit rates from RSMeans	RSMeans, adjusted for [location]
Concrete	QTO from structural drawings; sub quote	Sub quote + RSMeans check
Structural steel	Tonnage from framing plan; erect + supply sub quote	Sub quote [Sub Name]
Roofing / envelope	QTO from architectural drawings; sub quote	Sub quote [Sub Name]
Mechanical / plumbing	Preliminary QTO; sub quotes	Sub quote [Sub Name(s)]
Electrical	Load schedule + QTO; sub quotes	Sub quote [Sub Name(s)]
Fire suppression	SF-based parametric; sub quote	Sub quote [Sub Name]
Process equipment	Equipment list + vendor budget quotes + Lang factor for install	Vendor quotes, Lang = ___
Process piping	P&ID count method; sub quote	Sub quote [Sub Name]
General conditions	Detailed line item (see attached GC schedule)	Project schedule + market rates

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Section 6: Sub Quote Log

Trade	Sub Name	Quote Date	Quote Amount	Leveled Amount	Notes
Structural steel			$	$
Mechanical			$	$
Electrical			$	$
Roofing			$	$
Concrete			$	$
Fire suppression			$	$

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Section 7: Escalation

Item	Value
Pricing date	_______________
Estimated construction start	_______________
Estimated construction midpoint	_______________
Annual material escalation rate	___% (source: ENR CCI / BLS PPI)
Annual labor escalation rate	___% (source: prevailing wage / union CBA)
Total escalation $	$ _______________
Escalation as % of base estimate	___%

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Section 8: Contingency

Item	Value
Contingency method	Flat % / Expected Value / Monte Carlo
Design development allowance	$ _______________ (___% of base)
Scope gap allowance	$ _______________ (___% of base)
Execution / risk contingency	$ _______________ (___% of base)
Total contingency	$ _______________
Total contingency as % of base	____%
Confidence level (if Monte Carlo)	P___

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Section 9: Allowances

Item	Amount	Basis
Hazardous materials (pending survey)	$ _______________	Allowance — prior similar projects
Permit fees	$ _______________	Jurisdiction fee schedule estimate
Owner’s testing and inspection	$ _______________	Historical $/SF
Utility connection fees	$ _______________	Utility company estimate

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Section 10: Estimate Summary

Cost Component	Amount	% of GMP
Direct Cost of Work	$ _______________	___%
General Conditions	$ _______________	___%
Design Fees	$ _______________	___%
Escalation	$ _______________	___%
Contingency	$ _______________	___%
Contractor Fee (___%)	$ _______________	___%
GMP TOTAL	$ _______________	100%

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Section 11: Assumptions and Qualifications

1. Soil bearing capacity assumed at 2,000 PSF; if lower, deep foundations will add cost (not included).
2. No hazardous materials in existing building assumed; abatement allowance of $_____ included.
3. Estimate assumes current labor market conditions as of pricing date.
4. Owner’s equipment (OFE) is delivered on schedule per project schedule. OFE delay is not contractor responsibility.

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