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References:
DEFINITIONS
Estimates is a logical and sensible assumptions of the quantities, qualities, values, or degrees of a set of subjects. Cost Estimation Models are mathematical algorithms used to estimate the costs of a product or a project.
TYPES OF ESTIMATION
Cost Estimates is concerned with knowing the probable total cost of a project. Quantity Survey is a preliminary estimation technique that aims to establish the quantity of each material for a project, not yet considering their cost. Productivity Estimates is concerned with the determination of probable cost of labor by logical assumptions of the productivity of the workers.
TYPES OF ESTIMATION
Bill of Materials is a list of materials needed for a project. It usually presents the probable cost for each item. Value Engineering is a review of the plan and design of a project so as to coordinate with the sizes and specifications of construction materials. Its aim is to avoid wastage and maximize the use of each material. Value Engineering is also concerned with other items that may reduce the cost of a construction project or speed-up the project construction.
TYPES OF ESTIMATION
Detailed Estimate is an estimate that breaks the subject down into as many items or components possible. Each component are often described with specifications. Rough Estimate is an estimate that is computed in general and vague. It is often an assumption by area, volume, or bulk. Lump Sum is an assumption of the totality of an item without consideration of its specific components .
2
3 Computation:
2 + 3 + 1 = 7 + allowance
1 1/4
3. In determining the space between frame components (nailers), consider the dimension of the covering material (ceiling) to avoid too much wastage. Ex. If the dimension of the covering material is 1.20m, spacing can be 0.60m, 0.40m, or 0.30m.