1. Ms. Gripshover Landscaping Unit 12

2. Identify the difference between an estimate and a bid. Describe landscape specifications. Prepare a cost estimate of the landscape plan. Our Objectives

3. When meeting with a customer, the designer msut be prepared to discuss prices Estimate- the initial price presented to the customer Rough guess of cost including labor and materials Price can change throughout the process Sometimes “bids” are taken for a job Landscaper gives a “bid”, which is an exact price and CANNOT be changed Other landscapers can offer bids and usually the customer takes the lowest bid What is the difference between an estimate and a bid?

4. Specifications are a list of all the details needed to install the landscape plan accurately Size and number of plants Pacing material need Decks or patios Amending the soil Mulch Etc. The more detailed the specifications, the more accurate the landscape What are landscape specifications?

5. Cost estimate- written statement of the costs of installing a landscape plan Includes descriptions, numbers, cost of plant material, etc. Includes overhead costs, labor, and profit Overhead costs- cost of operating a business Ex: maintenance of equipment, utilities, etc. Usually calculated by calculating 20% of the material and labor cost How do I prepare a cost estimate for a landscape plan?

6. Determine the overhead cost The total of materials and labor are $432.23. What price should be added to that to cover overhead? The total of materials and labor are $1567.89. What price should be added to that to cover overhead? The total of materials and labor are $4524.12. What price should be added to that to cover overhead? The total of materials and labor are $1234.56. What price should be added to that to cover overhead? The total of materials and labor are $6789.12. What price should be added to that to cover overhead? Your Task

7. Contingency costs- added to all plans as insurance against unforeseen problems like weather Usually calculate 10% of the material and labor costs Landscaper can not only charge for materials, labor, and cost of operation however They must make a profit The money left after all the costs of operation are complete Calculating by taking the total of everything and multiplying by 20% How do I prepare a cost estimate for a landscape plan? (cont.)

8. Determine the contingency cost. The total of materials and labor are $432.23. What price should be added to that to contingency? The total of materials and labor are $1567.89. What price should be added to that to contingency? The total of materials and labor are $4524.12. What price should be added to that to contingency? The total of materials and labor are $1234.56. What price should be added to that to contingency? The total of materials and labor are $6789.12. What price should be added to that to contingency? Your Task

9. Determine the profit based on the %. Total cost of job is 123.45 and you want to make a 20% profit. How much will you add to the total cost? Total cost of the job is 4567.89 and you want to make a 35% profit. After adding the 35% profit to the total cost of the job, what is the final TOTAL price? Total cost of the job is 8925.35 and you want to make a 20%. How much will you add to the total cost. Total cost of the job is 4562.65 and you want to make a 15% profit. After adding the 15% profit to the total cost of the job, what is the final TOTAL price? Total cost of the job is 12345.49 and you want to make a 30% profit. After adding the 30% profit to the total cost of the job, what is the final TOTAL price?