What may result from underestimating the quantity of materials needed for a project?

Underestimating the quantity of materials needed for a project can lead to notable financial losses. When a contractor does not accurately predict how much material will be required, it can result in multiple issues. For example, if there is not enough material on site, work may need to be paused while additional supplies are ordered and delivered, which can incur extra costs such as shipping fees, rush orders, or even overtime wages for workers waiting to continue their tasks.

Additionally, having to procure materials at the last minute might mean having to purchase them at higher prices due to limited availability. Each of these factors contributes to an increase in overall project expenses and impacts the budget, leading to financial losses. Thus, careful planning and accurate estimation of material quantities are crucial in maintaining a project's financial health and avoiding unnecessary costs.