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Lecture 1
INTRODUCTION TO
ESTIMATING AND COSTING
BY-AR. KHURRAM ALI
&
AR. KUMAR RANU
Attendance:
Please attend all scheduled lectures, seminars and
practicals
Please note: attendance falling below 75% may lead to
failing the course irrespective of the academic
performance.
Sessional Works:
Classroom tests:
Course Evaluation:
Sessional Marks: 50
Theory Exam : 50
An Estimate is never
the actual cost of the
work All expenses for all probabilities
can be known when construction is
completed is called Actual Cost
NEED OF ESTIMATION AND COSTING
Estimate give an idea of the cost of the work and hence
its feasibility can be determined i.e. whether the project
could be taken up with in the funds available or not.
Estimate gives an idea of time required for the
completion of the work.
Estimate is required to invite the tenders and Quotations
and to arrange contract.
Estimate is also required to control the expenditure
during the execution of work.
Estimate decides whether the proposed plan matches the
funds available or not.
ESTIMATIO
N
(1) A Detailed
Estimate
(2) A Preliminary or
Approximate or Rough Estimate
A Quality estimate or quantity survey
3. At the end, a total of all items of the work are made to get the
total estimated cost.
4. The rates are usually as per Schedule of Rates for the locality
plus a premium to allow for rise in labor and material rates over
and above the schedule of rates.
27
IMPORTANT
28
Recommended estimating principles
Always obtain at least two estimates.
Involve the people who will be doing the work (or with
the skills to do the work if resources have not yet been
allocated) in the estimating process and the people who
require the work done where possible.
Use more than one estimating method (Plinth area
estimate/ Cube rate estimate etc.).
Each estimate must be independently derived.
Review the estimates and rationalize the differences.
Document assumptions made
Add contingency based on the level of uncertainty and
risk.
Get agreement and commitment from the project team
for their task estimates and also from the project
sponsor for the overall project estimate.
Review and refine the estimates as the project proceeds
based on progress.
METHODS OF DETAILED
ESTIMATE
The dimensions, length, breadth and height or depth
are to be taken out from the working drawings (plan,
elevation and section).
Junctions of walls, corners and the meeting points of
walls require special attention.
Foundation
Trench
CENTRE LINE
METHOD
Find the total centre length of all walls of one type and
proceed in the same manner as described above. Similarly
find the total centre length of walls of second type and
deal this separately, and so on.
Then all A type walls shall be taken jointly first, and then
all B type walls shall be taken together separately.