Whether you are renovating your kitchen or building software, cost overruns are common. Use this template to calculate your base costs and add a professional contingency buffer.
No project ever goes exactly according to plan. Material prices fluctuate, hidden damages are discovered, and timelines get extended. A contingency buffer is a percentage added to your estimate to absorb these risks.
1. Set your base materials cost in the top field.
2. Add your estimated labor costs and equipment rentals using the "+" operator.
3. On the final row, turn on the "%" toggle and add a 10% to 20% contingency fee to get your final safe estimate.
A: That's the best-case scenario! You can consider it money saved, or use it to upgrade certain finishes or features at the end of the project.
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