Rule of Thumb Unit Costs

NOTE-- We retired the MacNail estimating program in 2000, and replaced it with Goldenseal estimating software. There are still die-hard MacNail users, so we keep the manuals online for them! Goldenseal is integrated software that also includes accounting, scheduling and contract writing features. It allows you to enter quick "rule of thumb" estimate items as unlisted items in an Estimate.

Rule of Thumb Estimating

In some cases, you may have a 'rule of thumb' to start with-- for example, 'three bucks a square foot for concrete sidewalk'.

To convert a rule of thumb to a unit price number, follow these steps:

1. First, scroll to the line in Specifications that matches the item you'd like to change (or choose Add Rows Here from the Edit menu to make a new line for it).
2. Use the Specs Formulas command to enter the calculation method (labor and materials, sub and materials, or subcontracted), and the skilled wage rate for the item.
3. In the 'units used' column, type in 1, 10, 100, or some other even quantity. It should give a total price of at least $100, when multiplied by the rule of thumb cost.
EXAMPLE: To figure the concrete 'rule of thumb', type in 100 square feet. You will now shoot for unit price numbers that result in a total cost of $200.
4. Type in new person-hour figures for skilled and unskilled labor, and dollar figures for material costs, until the calculated cost that the MacNail construction estimating software displays matches with what it should cost. 'Tweak' the numbers up or down as needed until the MacNail construction management software calculates the correct cost for you.
5. To remove your 'sample' quantity when you are finished, choose Include in Bid from the Edit menu if you'd like that item to be routinely included in your projects, or choose Remove from Bid from the Edit menu if you do not want the item to routinely be included in future bids.