Can a contractor give you a ballpark estimate?
Many contractor’s are leery about giving a quick “ballpark” or “drive-by” estimate, since they are afraid that you will want to stick to this number even if their actual bid comes in higher – as it often does. If you get an “estimate” from a contractor, clarify whether this is a binding bid or just a rough estimate of what the job might cost.
What is the Ballpark E$ timate calculator for?
The calculator was developed by the American Savings Education Council to calculate how much you need to save each year from now until retirement based on your estimates of retirement income and existing savings. The Federal Ballpark E$timate® calculator is just the first step in retirement planning.
How can ballpark estimates help determine if your project is feasible?
Ballpark estimates can help you quickly determine if your project is feasible. Here’s how. Your first step in estimating is often to establish whether a project is financially feasible, given your budget.
What’s the default rate for Federal Ballpark estimator?
The Federal Ballpark E$timate uses 3.0% as a default rate, but will allow you to choose any rate between 0% and 15. You should choose assumptions — or range of assumptions — that are right for you based on your particular circumstances.
How to get the best ballpark estimate for your project?
At the top end, you can get expensive finishes and lots of bells and whistles. You can further fine-tune the number with various fudge factors for shape of building, rural vs. metro, and special site conditions. If you use this type of guide, read the small print and apply all the multipliers to get the best number you can.
Can a federal employee use the ball park estimator?
The current version does not perform estimates for employees planning to retire under the Minimum Retirement Age (MRA) + 10 rules, or those who are covered by special computation rules such as law enforcement officers and firefighters, or former Federal employees who may be entitled to a deferred retirement.
The calculator was developed by the American Savings Education Council to calculate how much you need to save each year from now until retirement based on your estimates of retirement income and existing savings. The Federal Ballpark E$timate® calculator is just the first step in retirement planning.
What does the idiom a ballpark estimate mean?
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved. A ballpark figure or a ballpark estimate is an approximate figure or quantity. Note: A ballpark is a park or stadium where baseball is played. But what are we talking about here — a few thousand, millions, two bucks? Give me a ballpark figure.
