What is an estimate sheet primarily used for?

An estimate sheet is primarily used for calculating prices, which is essential in various industries, particularly in construction, service provision, and retail. This document allows businesses to outline the costs associated with materials, labor, overhead, and other expenses to provide a clear estimate of total project or product costs. By accurately calculating these expenses, companies can set competitive pricing, assess profit margins, and communicate pricing details to clients or stakeholders effectively.

In contrast, while tracking inventory, creating marketing strategies, and analyzing consumer behavior are important functions in business operations, they fall outside the primary purpose of an estimate sheet. Tracking inventory focuses on stock levels and delivery times, marketing strategies center around promoting products or services, and analyzing consumer behavior examines purchasing patterns and preferences. Each of these processes typically utilizes different types of documentation and tools, emphasizing the distinct role of an estimate sheet in cost calculation and financial planning.