Estimate Review for Home Builder

The Estimate Review workflow helps home builders and remodelers verify accuracy and completeness before submitting bids. It includes checking labor quantities, material pricing, subcontractor quotes, and overhead assumptions. Managers reconcile estimates with project budgets, confirm compliance with code, and validate profit margins. By standardizing this process, builders reduce costly mistakes, protect profitability, and improve win rates. Clients benefit from confidence in transparent, accurate proposals. Teams gain accountability with documented approvals and clear financial oversight. With this workflow in place, home builders can strengthen professionalism, improve efficiency, and deliver projects more reliably while ensuring bids align with both client expectations and company goals.

Schedule a review meeting with estimator, project manager, and/or leadership

Pull up the complete estimate, including takeoff, supplier/sub quotes, and assumptions

Verify scope coverage against plans, specs, and client requirements

Double-check quantities, unit costs, labor rates, and equipment pricing

Confirm all subcontractor and supplier quotes are current and complete

Review applied markups for overhead, profit, and contingency

Evaluate project risks (timeline, logistics, manpower, unknowns)

Discuss alternate approaches or value engineering opportunities

Confirm schedule alignment and resource availability

Review alignment with company goals (fit, workload, client relationship)

Make any necessary corrections or updates to the estimate

Finalize and approve the estimate for proposal creation or bid submission

Save reviewed estimate in job folder and update bid tracking log