Information about Quantity Estimation

An estimate is a computation of the quantities required and expenditure likely to be incurred the construction of a work. In any construction project, the probable cost of construction which is known beforehand is known as the estimated cost. And hence it is quite essential for the arrangement of financial resources for the completion of any construction project. Consider using the detailed estimation technique, which takes into account the quantities and costs of all input required by a contractor so as to complete the project. Quantity surveyors use estimation to provide the owner of a project with an accurate judgment of the costs. Employ value engineering techniques. Regarded as the most reliable and accurate method of estimating, provided that there is sufficient information to work on. Depending on the experience of the surveyor, measurement can be carried out fairly quickly using composite rates to save time. The rules of measurement are simple, although it must be said; they are not standardized and tend to vary slightly from one surveyor to another. One approach involves grouping together items corresponding to a sequence of operations and relating them to a common unit of measurement; unlike the measurement for a bill of quantities.