Housing and Space Management

Housing And Space Management 3(2+1)

Lesson 28 : Cost Estimation Of The House

An Understanding On Construction Estimate

• An estimate is the approximation of the probable cost of a product, program, or project, computed on the basis of available information.
• An estimate for any construction work may be defined as the process of calculating the quantities and costs of the various items required in connection with the work.
• It is prepared by calculating the quantities from the dimensions of the drawings the various items required to complete the project and multiplied with unit cost of the item concerned.
• To prepare an estimate, drawings consisting of the plan, the elevation and the sections through important points, along with a detailed specification giving specific description of all workmanship, properties and proportion of materials are required.