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Takeoff

Takeoff refers to the process of quantifying materials and labor needed for a construction project. This involves

Counting
Determining the number of units required (e.g., bricks, tiles).
Measuring
Assessing dimensions (e.g., square footage, linear footage).
Listing
Compiling a detailed list of materials and quantities needed for the project.

Estimating

Estimating involves calculating the overall cost of the project based on the takeoff. This process includes

Material Costs
Pricing the items identified during the takeoff.
Labor Costs
Estimating the amount of labor required and its cost.
Overhead and Profit Margins
Adding in additional costs and desired profit to create a comprehensive budget.