METHODS OF ESTIMATING

ESTIMATE:BEFORE UNDERTAKING A CONSTRUCTION WORK IT IS NECESSARY TO KNOW ITS

PROBABLE COST WHICH IS WORK OUT BY ESTIMATING . ESTIMATE IS THE PROBABLE COST OF
THE WORK WHICH IS DETERMINED THEOROTICALLY BY MATHEMATICAL CALCULATIONS BASED ON
THE PLANS,DRAWS AND THE CURRENT RATES.APPROXIMATE ESTIMATE IS CALCULATED BY VARIOUS
METHODS BUT ACCURATE ESTIMATE IS CALCUATED BY DETAIL ESTIMATE METHOD.
ACTUAL COST: THE ACTUAL COST IS DETERMINED AT THE COMPLETION OF THE WORK. ACCOUNT
OF ALL EXPINDETURE MAINTAINED DAY TO DAY DURING THE EXECUTION OF WORK IN THE
ACCOUNT SECTION AND AT THE END OF THE COMPLETION OF THE WORK WHEN ACCOUNT IS
COMPLETED, ACTUAL COST IS CALCULATED. THERE IS NO MUCH DIFFERENCE IN THE ACTUAL
COST AND ESTIMATED COST WORKED OUT AT THE BEGINNING.
DETAILD ESTIMATE: PREPRATION OF DETAILED ESTIMATE CONSIST OF WORKING OUT THE
QUANTITIES OF THE DIFFENT TYPES OF WORK AND THEN WORKING OUT THE COST THAT IS THE
ESTIMATE CALCULATED IN TWO STAGES.

1} DETAIL OF MEASUREMENT AND CALCULATE THE QUANTITY

ITEM DESCRIPTION NO LENGTH BREADTH HEIGHT QUANTITY AND
CONTRACTS

2} ABSTRACT OF ESTIMATED COST

ITEM NO DESCRIPTION QUALITIES UNIT RATE AMOUNT

DATA FOR ESTIMATE

1}DRAWING
2}SPECIFICATION
2}RATES

1}DREAWING: THE PLAN ELEVATION, SECTIONAL ELEVATION, AND DETAILED DRAWING DRAWN TO
A SCALE OF FULLY DIMENSIONS ARE REQUIRED, PLAN AND SECTIONAL ELEVATION DRWAN TO A
SCALE OF 1CM TO 1M WHERESA IN DETAIL DRAWING DRAWN TO A SCAKE OF 1CM TO 10 CM.
2 SPECIFICATIONS: THERE ARE 2 TYPES OF SPECIFICATIONS
1}GENERAL SPECIFICATIONS :GENERAL SPECIFICATIONS GIVE US THE NATURE,QUALITY AND
CLASS OF MATERIAL AND WORK. GENERAL SPECIFICATION FORM AM IDEA OF WHOLE BUILDING
AND STRUCTURE AND ARE USED IN PREPARING DETAILED ESTIMATE
2}DETAILED SPECIFICATIONS :THIS GIVE US THE DETAILED DESCRIPTION ABOUT THE VARIOUS
ITEMS OF THE WORK LAYING DOWN THE QUALITY AND QUANTITYOF MATERIAL,THEIR
PROPORTION,METHOD OF PREPERATION,WORKMANSHIP AND EXECUTION OF WORK. DETAILED
SPECIFICATION DESCRIBES EVERY ITEM OF THE WORK
3}RATES: THE RATES OF VARIOUS MATERIAL USED IN CONSTRUCTION AND THE WAGES OF
DIFEERENT CATEGORIES OF LABOUR, CARPENTER,BHISTHI,MANSON,MAZDOORETC FOR PREPARING
ESTIMATE.THELOCATION OF THE WORK IS NEAR AND ITS DISTANCE FROM THR SOURCE OF
MATERIAL AND COST OF TRANSPORT SHIOULD BE KNOWN