A takeoff in the construction industry is the process of determining the quantity of materials and labor required for a construction project by analyzing architectural and engineering drawings. This detailed analysis helps in estimating the cost of materials, equipment, and labor needed to complete the project. The takeoff is a crucial step in preparing a bid for a construction project and for budgeting and planning purposes. It requires a thorough understanding of construction methods and materials to ensure accuracy and competitiveness in project costing.