Estimating
Estimating
Estimating
Rate analysis is the process of determining the rates of various items of work or materials
involved in a construction project. It involves calculating the cost per unit of a particular item or
activity, such as cost per cubic meter of concrete, cost per square meter of brickwork, etc.
*Objectives of Estimation:*
The objectives of estimation in construction projects include:
1. Determining the approximate cost of a project.
2. Providing a basis for budgeting and financial planning.
3. Facilitating tendering and contract administration.
4. Guiding decision-making regarding project feasibility and scope.
5. Ensuring efficient utilization of resources.
*Measurement Units:*
- Parapet Wall: Meter (m) or Square Meter (m²)
- Brickwork: Cubic Meter (m³) or Square Meter (m²)
- Land: Hectare (ha) or Square Meter (m²)
- Water Distribution Line: Meter (m) or Kilometer (km)
*Types of Specification:*
1. *Performance Specification:* Describes the required performance characteristics without
specifying the methods or materials to achieve them.
2. *Prescriptive Specification:* Provides specific details about materials, methods, and
standards to be followed.
3. *Proprietary Specification:* Specifies particular brands or products to be used in construction.
Each aspect ensures compliance with standards, durability, and structural integrity.
DSR stands for “Detailed Specifications and Rates” while SoR stands for “Schedule of Rates.”
1. *Cost Estimation:* DSR and SoR help calculate construction project costs accurately by
detailing specifications and providing standardized rates.
2. *Tendering:* SoR guides contractors in preparing competitive bids for projects, while DSR
helps them understand specific requirements for each task.
4. *Quality Control:* DSR specifies quality standards and workmanship requirements, ensuring
construction work meets desired quality levels, while SoR indirectly influences quality through
material and method specifications.
5. *Resource Planning:* Both documents aid in planning resources like labor, materials, and
equipment based on quantities and rates, facilitating efficient resource allocation throughout the
project.
To prepare the approximate estimate for the building project, we'll need to calculate the cost for
each component based on the given percentages and the plinth area rate.
Given data:
- Total plinth area of all buildings: 110 sqm
- Plinth area rate: Rs. 40,000 per sqm
First, let's calculate the cost of the building based on the plinth area rate:
Now, let's calculate the cost for each component based on the percentages provided:
3. Fluctuation of Rates: 5%
Cost = Total Cost of Building × 5%
= Rs. 4,400,000 × 0.05
= Rs. 220,000
Finally, let's sum up all the costs to get the approximate estimate:
Approximate Estimate = Total Cost of Building + Water Supply & Sanitary Management +
Electrification + Fluctuation of Rates + Contractor's Profit + Petty Supervision & Contingencies
= Rs. 4,400,000 + Rs. 352,000 + Rs. 264,000 + Rs. 220,000 + Rs. 440,000 + Rs.
132,000
= Rs. 5,808,000
So, the approximate estimate for the building project is Rs. 5,808,000.