Construction Cost to complete using Excel

Introduction

This tutorial provides a comprehensive guide on how to use the Construction Cost to Complete template in Excel. This template is designed to help project managers in construction accurately estimate the costs and duration required to finish a project. Whether you're new to Excel or looking to enhance your project management skills, this guide will help you navigate the template effectively.

Step 1: Download and Familiarize Yourself with the Template

• Visit the following link to download the Construction Cost to Complete template:
  Download Template
• Open the template and start by reviewing the Example and Instruction tab.
  • This tab contains helpful descriptions of each cell, which will guide you through using the template.
  • Spend time understanding the layout and functionality before proceeding.

Step 2: Set Up Your Project Schedule

• Locate the section where you can enter the project start date.
• Enter the desired start date (e.g., August 9).
• Note that the template automatically adjusts subsequent dates based on your input.
• Set up the work week (e.g., a six-day work week, excluding Saturdays).

Step 3: Input Manpower and Labor Costs

• Identify the average manpower needed for each day and week.
• Enter your daily labor rate (e.g., $430).
• Input the number of workers assigned to the project daily.

Practical Tip

• Ensure that the calculated labor values are not manually adjusted as they are automatically generated by the template.

Step 4: Define Project Activities and Costs

• List the key activities required for your project. For example:
  • Layout
  • Excavation
  • Forming
  • Pouring
• For each activity, specify:
  • The number of workers needed.
  • The duration of the activity (in days).
  • Material costs associated with the activity.

Example Activity Input

• Activity: Layout
  • Labor: 2 workers for 4 days
  • Material Cost: $50
• Activity: Excavation
  • Labor: 1 subcontractor at $130/hour for 4 days
  • Equipment Cost: (if applicable)

Step 5: Review and Adjust Costs

• After entering all activities and their associated costs, review the total cost to complete the project.
• Compare this total with your original estimate to ensure accuracy.
• Adjust any entries as necessary based on project requirements.

Step 6: Explore Additional Resources

• Access the Help and Info tab for FAQs and additional guidance on using the template.
• Consider watching tutorial videos provided with the template to gain a deeper understanding of its features.

Conclusion

By following these steps, you will be able to effectively utilize the Construction Cost to Complete template in Excel to manage your project costs and timelines. Remember to regularly review your estimates against actual costs as the project progresses. For further resources and templates, visit Construction Office Online. Happy project managing!