Topic 5 - Cost Analysis
Topic 5 - Cost Analysis
Topic 5 - Cost Analysis
COST ANALYSIS
CQ505 ESIMATING 2
INTRODUCTION
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INTRODUCTION
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4 DEFINITION
Cost Analysis
- Mean : a systematic cost breakdown for
the purpose of cost checking and cost
comparison
Element
- Mean : Components of the building
which fulfilling similar function with
different or similar specification, design
and construction method
5 DEFINITION
Elemental Cost Analysis
Mean : a systematic cost breakdown of the
building for the information of cost per
element or cost per building component
Analysis done for the usage of Architect and
Client in drafting future project; looking at
cost analysis of 2 or more similar projects
A brief project cost information collected
from Bill of Quantities of previous projects
Apart from cost, brief specification and
project information also need to be provided
in Elemental Cost Analysis (ECA)
6 PURPOSE
7 USAGE
Knowledge
- To deliver information to other construction
parties on how cost distributed between
building elements
Evaluation
- To have guideline in having balance cost
distribution and evaluate the cost priority
Checking
- To check and find surplus cost allocation of
tender received by comparing it to ECA
Planning
- The cost information can be used to plan future
projects cost allocation
CALCULATION
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