When completing a construction estimate, what is the recommended approach to pricing materials?

Pricing materials based on current market prices and availability is the recommended approach because it reflects the real-time costs and conditions that will affect a construction project. Construction material prices can fluctuate due to various factors, including supply chain issues, seasonal demand, economic changes, and regional variances. By utilizing current market prices, estimators gain a more accurate and reliable projection of what the project will actually cost.

This method also allows for adjustments based on availability, which is crucial since some materials may be scarce or subject to price increases. By staying informed of market trends, estimators can make better decisions that align with budget expectations and project timelines. Ultimately, using this approach helps ensure that the estimate is as realistic and comprehensive as possible, leading to more successful project outcomes.