Quantity Surveying
Estimating is the technique of calculating or computing the various quantities and the expected Expenditure to be incurred on a particular work or project.
Introduction to Estimation and Quantity Surveying:
Estimating is the technique of calculating or computing the various quantities and the expected Expenditure to be incurred on a particular work or project.
Working Drawings and Working Details, Detailed specifications about materials and workmanship and Standard schedule of Market rates for the current year are required for preparing an estimate
Importance of Estimation:
1. Estimate gives 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.
2. Estimate gives an idea of time required for the completion of the work.
3. Estimate is required to invite the tenders and Quotations and to arrange contract.
4. Estimate is also required to control the expenditure during the execution of work.
5. Estimate decides whether the proposed plan matches the funds available or not.
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