Types of estimate
Plinth area rate,
cubical content rate,
preliminary,
original,
revised and supplementary estimates
What is an estimate or estimation in
construction industry?
Estimate is a rough
calculation on quantities of various works & their expenditure, done by the
experts of the relevant field before the execution of a project. Accuracy of an
estimate depends on the experience, ability and judgement power of the estimator.
An estimator should be very
careful of the quantity takeoff, using the given documents such as drawings,
specifications and other documents regarding the project. Other than these,
every estimate should prepare with the consideration of other 2 factors, which
influence a project namely, direct & indirect cost. (Direct cost – cost of materials, equipment, labour &
subcontracted cost, Indirect cost – overheads, contingency).
Approximate Estimate –
It
is also called budget, preliminary estimate. This type of estimate is prepared
in the initial stage of a project. To give a clear idea to the owner (client)
about the amount of cost needed for the project and to get the approval from
necessary sanctioning bodies (eg: from banks to get loan). Documents such as
project drawing plans, details about the land including electricity & water
supply and a full clear report are necessary to carry out the estimate.
Commonly the approximate estimate is calculated with relevant to the previous
experience.eg: To calculate the estimate for a house, a previously (& also
recently) completed similar house will be considered. Here the estimator
already knows the rate for 1m2 area &
with that he/she calculates the cost estimate for the newly proposed area (of
similar house).
Approximate estimate = Rate
of 1m2 (already known value) X proposed area (m2)
Plinth Area Estimate –
Plinth area estimate can be achieved by multiplying the
values of plinth length, plinth width & plinth area rate. Here the plinth
area is referred as, external plinth area of the building at floor level.
Simply it can be also stated as the roof covered area of a building. Plinth
area rate is derived by dividing the total cost of a previously constructed
building by plinth area of the previously constructed building.
Plinth area estimate = Plinth area X plinth area rate.
Plinth area = plinth length X plinth width
Plinth area rate = Total
cost of a previously built building / Total plinth area of that building.
Cubic Content Estimate –
This type of estimate done by multiplying the volume of
the building by the unit cubic rate achieved from the previously (also recent)
estimate. This type of estimate is a little bit more accurate than above
mentioned methods and mostly suitable for multi storied buildings. Here the
cost of corbelling (corbel – a piece of stone, wood, brick, or other building
material, projecting from the face of a wall and generally used to support a
cornice or arch), cornice and other works like that are neglected.
Cubic content estimate = Volume of the building X unit
cubic rate (known value)
volume of the building = plinth area (length X breadth of
the proposed building) X height of the building (floor to roof top)
unit cubic rate = total cost of the previously built
building / total volume of that building.
Annual Repair Estimate And
Special Repair Estimate –
The annual repair cost estimate is also called as annual
maintenance estimate which is prepared to know the maintenance
costs of the building which will keep the structure in safe condition.
Whitewashing, painting, minor repairs, etc. are taken into consideration while
preparing annual repair estimate for a building . These
estimates are prepared in order to maintain the constructed element in good
condition. Works that attached when consider repair works, white washing,
painting, plastering works, patching works & etc. Special repair estimate
is prepared in situations where the costs of materials increased when compare
to annual repair estimate cost.
Revised Estimate-
This
estimate is prepared when the rate of previously submitted estimate increases
by 5% or more than that. But here the reason for the preparation of estimate
must have a strong & valid reason like sudden increase in cost of
materials. The reason and comparative statement between 2 estimates should be
annexed with the revised estimate.
Revised cost estimate is a detailed estimate
and it is prepared when the original sanctioned estimate value is exceeded by
5% or more.
The increase may be due to sudden increase in
cost of materials, cost of transportation etc. The reason behind the revision
of estimate should be mentioned on the last page of revised estimate.
Supplementary Estimate –
This
type of estimate is prepared when there is a necessary situation of
supplementary work, to progress out the original work. The annexure of originally
prepared estimate & supplementary estimated amount of the originally
prepared estimate when submitting for requesting approve.
Supplementary cost estimate
is a detailed estimate and it is prepared freshly when there is a requirement
of additional works during the progress of original work. The estimate sheet
should consists of cost of original estimate as well as the total cost of work
including supplementary cost of work for which sanction is required.
Detailed Estimate-
Detail
estimate is prepared with the help of complete set of contract documents. The
preparation of detailed estimate can do under 2 phases such as work out with
quantities of different works and calculate the cost of each work.
1) work out with quantities of different works – The
whole construction work procedure is divided into categories such as excavation
and earthwork, concrete work, formwork, reinforcement, masonry work, roof
covering and roof plumbing, carpentry, painting and decorating, plumbing,
electrical installation and etc.
The measurement takeoff
procedure is done with the help of drawings/plans and then they are entered in
measurement. Measurement sheet is a prescribed form which
contains number of columns to enter the respective measurements and
descriptions about the works. Finally the measurement columns are multiplied to
get the necessary quantity.
2) Calculation of the cost of each work – The already obtained
quantities are used to obtain the cost of each work. Calculated costs of each
work item are summarized in order and that document is called as abstract sheet.
A detailed estimate should have documents such as report,
specifications, drawings/plans, design charts and schedule of rates. Factors
such as, material quantity, transportation of materials, location of site,
labour charges, cost of equipment (commonly allowed:- 2% of the estimated
cost), overhead charges (commonly allowed:- 2% of the estimated cost),
contingencies & unforeseen (commonly allowed:- 4% of the estimated cost)
items are needed to consider well while preparing the detailed estimate.
The detailed Estimated should consist
following details and documents.
- Report
- General Specifications
- Detailed Specifications
- Drawings/plans – layout plans,
elevation, sectional views, detailed drawings etc.
- Designs and calculations – In
case of buildings design of foundations, beams, slab etc.
- Schedule of rates