Estimating and Consting book

0

Estimating and Consting book


Estimating is the technique of calculating or Computing the various
quantities and the expected Expenditure to be incurred on a particular work or project.
In case the funds avilable are less than the estimated cost the work is

done in part or by reducing it or specifications are altered, the following requirement
are necessary for preparing an estimate.
a ) Drawings like plan, elevation and sections of important points.
b) Detailed specifications about workmenship & properties of materials etc.
c) Standard schedule of rates of the current year


 NEED FOR ESTIMATION AND COSTING
a) 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.
b) Estimate gives an idea of time required for the completion of the work.
c)Estimate is required to invite the tenders and Quotations and to arange
contract.
d)Estimate is also required to control the expenditure during the execution
of work.
e) Estimate decides whether the proposed plan matches the funds available
or not
LINK

No comments:

Post a Comment

Engineering Management. Powered by Blogger.