In the restoration industry today, most will agree that making a profit is getting more and more difficult, especially if you specialize in structural repair or restoration. Now, more than ever, the role of the estimator has become the linchpin of restoration projects that ultimately determines whether a company will survive and prosper or do little more than turn dollars over.
Seasoned estimators shouldn’t miss much when it comes to scoping visible damages, such as drywall, cabinets, flooring, and paint. However, most estimators rarely take into account other expenses that are not necessarily damage related, but still part of the overall project cost. One expense in particular is the cost of insurance, especially insurances that base their premiums on gross sales.