5 Minute Estimate
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Budget Estimate Generator
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1
Project Type & Scope
Project Name
*
Client Name
*
Project Type
*
Residential
Commercial
Extension
Refurbishment
Gross Floor Area (m
2
)
*
Estimate Date
*
Reference
*
Project Description
2
Cost Allowances
Construction Contingency (%)
Default 10% — typical range 10-20%
Design Contingency (%)
Default 5% for design development risk
Risk Allowance (%)
Optional — additional for identified project risks
Professional Fees
Percentage of Base
Fixed Amount (£)
Fee Value (% or £)
% of (base + contingencies) or fixed £ amount
Insurance / Permits / Inspections
Percentage of Build Cost
Fixed Amount (£)
Insurance Value (% or £)
% of (base + all allowances) or fixed £ amount
Client Cost Target (£) — Optional
Override to compare estimate against client budget
3
Financial Options
Include VAT
VAT Rate (%)
Prepared By
Company Name
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