Suppose the worksite is located at an old place where frequent loading, unloading is necessary several times.ĭue to different modes of transport, damage or loss of materials should be considered carefully. The cost of transportation of smaller quantities of materials will be more than the cost of transportation of a large number of materials bought at a time. Sanctioned SOR (Schedule of rates) should be followed, or the rate may be calculated by the rates analysis method.Īfter collecting the above information, the estimate is then worked out under various sub-heads of work, and the quantities/cost under each sub-head are then worked out. The rates of the different work items, construction materials, and the labour wages of various categories (skilled or unskilled) should be available for making an estimate. The detailed specification provides work nature, quality and class, materials to be used in different parts of work, material quality and proportion, preparation method, workmanship, and work’s execution description. On an arbitration proceeding to claim the reasonable amount of building.ĭata Needed for the preparation of an estimate Drawingįully complete dimensioned drawings, i.e., plan, sectional elevation, section, and other details.The sale price of flats in case of the building being constructed on an ownership basis.On a cover note regarding fire insurance.Properties Valuation based on land and building for purchase, sale, and mortgage, etc.A complete estimate helps to advise the client on the following.It provides an idea for the necessities of controlled materials like cement, steel, and brick, etc.Contractor’s payment is also made per the present measurements by examining the already made calculations for each work item. An estimate helps to check the work performed by contractors during and after execution.It is needed to invite tenders for the work and to prepare a contract for the project.An estimate helps to determine the approximate cost of works before their execution thus, we can know whether the work can be completed according to given specifications within a specific budget.The rate of each item should be reasonable and preferably the present market rate.
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