Estimates – An Overview

Linarc enables contractors to create and manage comprehensive cost estimates for their work on the construction project. The estimates are organized into line items, each grouping similar work under the same cost codes, scheduled at different times or locations. These line items consolidate cumulative values for quantities, manhours, and cost details of each cost type. Each line item’s estimate can be accurately distributed across relevant tasks and activities, aligning manhours, costs, and quantities with the execution plan. 

This structured estimate serves as the financial baseline for the project, enabling dynamic tracking of financial performance. It also feeds into critical financial metrics such as Schedule of Values (SOV), budget exposure, and more, ensuring seamless integration between planning and execution.

• General contractor – Can create estimates for the tasks to complete the self-assigned work items. 
• Subcontractor – Can create estimates for a list of tasks and work packages assigned to them by the general contractor. The estimate is in line with the bids they presented with their contract with the general contractor. 

Once created, estimates are seamlessly integrated into the project.

• Schedule Integration – The Estimate module allows project managers to allocate funds from estimate line items directly to scheduled tasks. This enables accurate distribution of each line item’s total across the relevant tasks and deliverables that share the same cost code. For detailed steps, see Allocate Funds from Estimate to Scheduled Tasks.
• Cost Data Tracking – During estimate distribution, you can assign values to specific cost types such as materials, labor, equipment, subcontractors, and overheads for each scheduled task. These allocations feed into the Job Cost Data module, which tracks actual payments made under each cost type over time. This real-time tracking supports accurate financial performance monitoring and the calculation of key performance indicators, which are reflected in dashboards and project reports. See Cost Data – An Overview to learn more.

Estimators and project managers can create an estimate for their task items through the ‘Budget’ > ‘Estimates’ interface.

See the following sections to know more:

• Set up your project estimate
• Allocate Funds from Estimate to Scheduled Tasks
• Revise Estimate Allocations
• View Estimate Allocation Log