Takeoff is a term used in construction to refer to generating a detailed list of materials and quantities required to complete a project. There are two variants of the term. Quantity takeoff (QTO) refers to a detailed measurement of materials and labor needed to complete a construction project. Material takeoff (MTO) refers to a list of materials with quantities and types that are required to build a designed structure or item. Material takeoff identifies, lists and quantifies the raw materials needed for a project, while quantity takeoff is a broader analysis including not just materials but also labor and equipment.