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Playbook: Estimate Accuracy Improvement

Use job-level feedback loops to reduce estimate drift and improve margin predictability.

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Objective

Reduce gap between estimated and actual labor by applying structured post-job feedback.

Improvement loop

  1. Tag high-variance jobs by type and scope characteristics.
  2. Compare estimate assumptions to actual execution realities.
  3. Update quoting assumptions for next cycle.
  4. Track variance trend over at least three cycles.

Signals to watch

  • Overrun concentration by job type.
  • Repeat mismatch in labor-hour assumptions.
  • Estimate variance impact on overtime usage.

Review cadence

Run a bi-weekly estimate calibration session with owner + operations lead and keep a running assumptions log.

Related: Jobs and Projects Guide

On this page

  • Objective
  • Improvement loop
  • Signals to watch
  • Review cadence
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