By . Inventory Spreadsheet. At Monday, May 10th 2021, 20:39:23 PM.
The spreadsheet was introduced back in the 1980s and evolved into a complex program, but with the right experience it can be an effective tool for estimating large or small projects. Standalone programs work fine for estimating large projects; however they cannot estimate all structural elements of the project, such as, concrete, reinforcement, form-work, excavation, and back-fill at one time. Because of this restriction, contractors are forced to develop spreadsheet calculators ensuring bids were covering all required disciplines in their bids to ensure correctness. Construction bids missing important materials or a labor calculation is the number one reason companies incur large loses on projects they would generally have slim profits designed into the bid.
For example, designing a calculator to each structural element included in a footer foundation - Normally you would estimate your concrete, reinforcing bar, excavation, back-fill, and form work separately. When using a specialized concrete footing contractor for an example, the contractor will arrive at the clients project site at the appointment time, walk the site where the proposed project will be, and look over the construction drawings. A well-designed spreadsheet calculator will deliver a nice bill of materials when you input depth, thickness, width, length of footer, and type of reinforcing material. The calculator delivers a total material cost, labor cost, plus the detailed bill of materials including 10 to 20% standard overage included in each bid.
If you have Microsoft Excel, you can create budgeting spreadsheets to help you manage your money. Instead of buying expensive software that will only be used for your budget, spreadsheets can be used for a variety of tasks. If you dont have Excel, you can find free spreadsheet applications online in which to manage your budget. Most spreadsheet applications have built in formulas and functions that will do the math for you so you dont have to. You can keep a running balance of your accounts and you can have each category totaled as well. You can keep it as simple or make it as sophisticated as you please. Once you design the type of budgeting spreadsheets you want to use, it will be easy to copy it for subsequent months or years. You can also use just one sheet and create tabs for each month.