Estimating
admin 24 April 2023 Comments (0)

Comparative Estimates

By Benjamin Goss, MBA

Storm damage can be devastating to properties and the cost of restoring the damage can be a major concern for property owners. In order to determine the cost of restoration, contractors often use comparative estimates. A comparative estimate is a method used to determine the cost of a restoration project by comparing the costs of similar projects that have been completed in the past. This method can be highly beneficial for property owners and contractors, as it can provide an accurate valuation of the cost of the project and ensure that the project is completed within budget.

One of the main benefits of using a comparative estimate is that it provides an accurate valuation of the cost of the restoration project. By comparing the costs of similar projects that have been completed in the past, contractors can get an idea of what the restoration project will cost. This can help ensure that the property owner is not overcharged for the work and that the contractor is not undercharging for their services. An accurate valuation of the cost of the restoration project can also help the property owner to budget for the work and ensure that they have the necessary funds available to complete the project.

Another benefit of using a comparative estimate is that it can help to identify any potential cost savings. By comparing the costs of similar projects, contractors can identify areas where they can reduce costs without compromising on the quality of the work. For example, if the cost of materials for a similar project was lower than expected, the contractor may be able to negotiate a better price for the materials for the current project. Identifying potential cost savings can help to keep the project within budget and reduce the financial burden on the property owner.

Using a comparative estimate can also help to establish a timeline for the restoration project. By comparing the time it took to complete similar projects, contractors can estimate how long it will take to complete the current project. This can help the property owner to plan for the restoration work and ensure that they have the necessary time available to complete the project. An accurate timeline can also help to reduce the disruption caused by the restoration work, as the property owner can plan accordingly and minimize any inconvenience caused by the project.

In addition to providing an accurate valuation of the cost of the restoration project, a comparative estimate can also help to ensure that the work is completed to a high standard. By comparing the costs of similar projects, contractors can identify the materials and techniques that were used to complete the work. This can help to ensure that the same high-quality materials and techniques are used for the current project. Using high-quality materials and techniques can help to ensure that the restoration work is durable and long-lasting, reducing the need for further repairs in the future.

Finally, using a comparative estimate can help to build trust between the contractor and the property owner. By providing an accurate valuation of the cost of the restoration project, identifying potential cost savings, establishing a timeline, and ensuring high-quality work, contractors can demonstrate their expertise and commitment to their clients. This can help to build a positive relationship between the contractor and the property owner, leading to repeat business and positive referrals.

In conclusion, a comparative estimate is a valuable tool for property owners and contractors in establishing the valuation of the cost of a storm damage restoration project. By comparing the costs of similar projects that have been completed in the past, contractors can provide an accurate valuation of the cost of the restoration project, identify potential cost savings, establish a timeline, ensure high-quality work, and build trust between the contractor and the property owner. Using a comparative estimate can help to ensure that the restoration project is completed within budget and to a high standard, reducing the financial burden on the property owner and minimizing the disruption caused by the restoration work.

RdyBenGoss

I am intimately familiar with feeling like my hair is on fire while I try to slow things down and focus on the person (or people) I am with. Sometimes I fail miserably to be present. I have had deals stolen from me, customers refuse to pay, and employer/market partners renege on agreements and promises.

As an author, I have self-published several guides and two books. Prior to engaging in my current projects which include books on sales, management, storm restoration contracting and politics I read more than 150 books on sales & business topics, attended hundreds of hours of seminars, and watched thousands of hours of videos regarding the same.
I earned a master’s in business administration (MBA) from Regis University in Denver, Colorado.

I recruited and trained hundreds of salespeople, made thousands of cold calls, knocked on thousands of doors, and successfully completed thousands of sales presentations that resulted in revenue for the companies I have represented. Because I find it hard to sit still, I have worked in 15+ major metro markets across America, and I have moved my family and lived in seven of them (Philadelphia, Orlando, Phoenix, Denver, Kansas City, Omaha and Richmond).

With more than 25 years of experience in various phases and market verticals within the construction industry, this also includes nearly 15 years of experience in the storm restoration industry with an emphasis on roofing. I have personal experience with storm damage inspections (~10,000+), Xactimate estimating (~4,000+) and completing restoration projects including those for complex historic and/or commercial projects [i.e. Natural Slate and Ludowici Clay Tile].

My certifications include, but are not limited to FLIR Level 1, flat roof certifications (EPDM, TPO, and PVC), roof coatings systems, and tile roof certification in all 50 states, including Florida High Wind Tile Installation certification. Finally, I was licensed as the qualifying party as a Class A general contractor with no heigh restrictions in multiple states and jurisdictions.

I trust it’s abundantly clear that I love to talk and engage in conversation. Surprisingly, I also enjoy writing. Surprising, at least to me because I hated English as a subject in school - too many rules. Ha!

What I am most proud of is continuing to help my wife of more than 26 years raise 6 amazing children (3 boys and 3 girls). Our two Doberman Pinschers are pretty cool as well. (If anyone has tips on how to write a better bio - please email me! ;-).

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