Professional Documents
Culture Documents
Construction Cost and Time Control
Construction Cost and Time Control
Construction Cost and Time Control
WEEK 2-3:
• Classification Cost Estimate - AACE
• Cost Etimate
• Standard Method Of Measurement
• Quantity Take Off
CONSTRUCTION COST AND TIME CONTROL
ASSESSMENT
STUDENT RATING
LEARNING LEARNING ESTIMATE CRITERIA
WEEK FINAL ABILITY LEARNING WEIGHT
MATERIALS METHODS D TIME AND
EXPERIENCE (%)
INDICATORS
2-3 Can understand Volume Calculation • Lecture + 4 x50 mnt • Know and The accuracy in
several volume • Correctly explain Questions can calculate of calculating Evaluation
calculation some rules in and Answers volume with the right I
standards and be volume • Exercise • Large task method
able to calculate calculation calculates direction
the volume for • Perform volume volume
civil engineering calculations
building structures correctly
CONSTRUCTION COST AND TIME CONTROL
Classification Cost Estimate
• A purpose of cost estimate classification is to align the estimating process with
project stage-gate scope development and decision making processes.
Primary Secondary Characteristic
• The maturity level of Characteristic
project definition is the MATURITY LEVEL EXPECTED
OF PROJECT ACCURACY RANGE
sole determining (i.e., ESTIMATE END USAGE METHODOLOGY
Typical variation in low and
CLASS DEFINITION Typical purpose of Typical estimating method
primary) characteristic of DELIVERABLES estimate high ranges
End Usage: Alternate Estimate Names, Terms, Expressions, Synonyms: Screening, top-
Class 4 estimates are prepared for a number of purposes, such as but not down, feasibility (pre-feasibility for metals processes), authorization,
limited to, detailed strategic planning, business development, project factored, pre-design, pre-study.
screening at more developed stages, alternative scheme analysis,
confirmation of economic and/or technical feasibility, and preliminary
budget approval or approval to proceed to next stage. Source: AACE 18R-97
CONSTRUCTION COST AND TIME CONTROL
Classification Cost Estimate
CLASS 3 ESTIMATE
Description: Estimating Methodology:
Class 3 estimates are generally prepared to form the basis for budget authorization, Class 3 estimates generally involve more deterministic estimating methods than
appropriation, and/or funding. As such, they typically form the initial control stochastic methods. They usually involve predominant use of unit cost line items,
estimate against which all actual costs and resources will be monitored. Typically, although these may be at an assembly level of detail rather than individual
engineering is from 10% to 40% complete, and would comprise at a minimum the components. Factoring and other stochastic methods may be used to estimate less-
following: process flow diagrams, utility flow diagrams, preliminary piping and significant areas of the project.
instrument diagrams, plot plan, developed layout drawings, and essentially
complete engineered process and utility equipment lists. Expected Accuracy Range:
Typical accuracy ranges for Class 3 estimates are
Maturity Level of Project Definition Deliverables: -10% to -20% on the low side, and +10% to +30% on the high side, depending on
Key deliverable and target status: Piping and instrumentation diagrams (P&IDs) the technological complexity of the project, appropriate reference information, and
issued for design. 10% to 40% of full project definition. other risks (after inclusion of an appropriate contingency determination). Ranges
could exceed those shown if there are unusual risks.
End Usage:
Class 3 estimates are typically prepared to support full project funding requests, and Alternate Estimate Names, Terms, Expressions, Synonyms: Budget, scope,
become the first of the project phase control estimates against which all actual costs sanction, semi-detailed, authorization, preliminary control, concept study,
and resources will be monitored for variations to the budget. They are used as the feasibility (for metals processes) development, basic engineering phase estimate,
project budget until replaced by more detailed estimates. In many owner target estimate.
organizations, a Class 3 estimate is often the last estimate required and could very
well form the only basis for cost/schedule control.
Sum Volume
Source: Elbeltagi
CONSTRUCTION COST AND TIME CONTROL
Quantity
Take Off
Source: Elbeltagi
CONSTRUCTION COST AND TIME CONTROL
Quantity
Take Off
Source: Elbeltagi
CONSTRUCTION COST AND TIME CONTROL
Quantity
Take Off
Source: Elbeltagi
CONSTRUCTION COST AND TIME CONTROL
Quantity
Take Off
Source: Elbeltagi
CONSTRUCTION COST AND TIME CONTROL
Quantity
Take Off
CONSTRUCTION COST AND TIME CONTROL
Quantity
Take Off
CONSTRUCTION COST AND TIME CONTROL
Quantity
Take Off Consider the following figure, it is required to prepare a
quantity take-off for the following types of work to be included
on the bill of quantities:
a. Excavation.
b. . Backfilling
c. Plain concrete footing
d. Reinforced concrete footings and smells and column necks
till the ground level.
e. Insulation.
Source: Elbeltagi