Construction takeoff is the first step of the construction cost estimating process and provides a comprehensive understanding of the project material requirements and related costs. It is also commonly known as a “bill of quantities,” “material takeoff” (MTO), “quantity takeoff” (QTO), and “construction material takeoff.”
Escalating material costs and razor-thin margins make it all the more necessary to estimate project expenses and materials correctly. Therefore, construction takeoffs are critical for a wide range of construction projects, including project extensions and renovations.
Construction professionals now have more choices in construction estimation software to eliminate estimating errors, handle more projects simultaneously, and create accurate construction takeoffs faster than before to manage the arduous cost estimating process. Furthermore, an accurate takeoff ensures better money management and ROI.