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COLLIER COUNTY GOVERNMENT GROWTH MANAGEMENT DEPARTMENT www.colliergov.net2800 NORTH HORSESHOE DRIVE NAPLES, FLORIDA 34104 (239) 2522400 FAX: (239) 2526358Application for: Acceptance Preliminary (SAP)

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How to fill out opinion of probable cost

01

Step 1: Gather all relevant information such as project details, materials required, labor cost, and any other expenses.

02

Step 2: Begin by providing a detailed description of the project, including its scope and objectives.

03

Step 3: Break down the cost estimation into different categories such as materials, labor, equipment, and overhead.

04

Step 4: Research and gather data on the current market prices for the materials and equipment needed.

05

Step 5: Calculate the labor cost by considering the number of workers required, their wages, and the estimated time for completing the project.

06

Step 6: Add any overhead costs such as insurance, permits, and administrative expenses.

07

Step 7: Sum up all the individual costs to arrive at the total estimate for the project.

08

Step 8: Double-check the calculations and review the opinion of probable cost for accuracy and completeness.

09

Step 9: Finally, present the opinion of probable cost in a clear and professional manner.

Who needs opinion of probable cost?

01

Property owners who are planning construction or renovation projects.

02

Contractors who are bidding on projects and need to provide a cost estimate.

03

Architects and engineers who require a financial estimate for their designs.

04

Government agencies or organizations that rely on accurate cost estimates for budgeting purposes.

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What is opinion of probable cost?

An opinion of probable cost is an estimate of the anticipated cost of a project or a specific task, usually prepared by a qualified professional to guide decision-making.

Who is required to file opinion of probable cost?

Typically, project owners, contractors, or architects involved in the planning or execution of a construction project are required to file an opinion of probable cost.

How to fill out opinion of probable cost?

To fill out an opinion of probable cost, one should collect project scope details, itemize costs for labor, materials, equipment, and overhead, and present the total estimated cost in a clear format.

What is the purpose of opinion of probable cost?

The purpose of an opinion of probable cost is to provide an informed estimate that assists stakeholders in budgeting, financial planning, and making strategic decisions regarding project feasibility.

What information must be reported on opinion of probable cost?

An opinion of probable cost must report detailed cost estimates, including descriptions of items, quantities, unit costs, and total costs, along with any assumptions made during the estimation process.

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