ESTIMATION AND ITS TYPES - TS
INTRODUCTION: Ø Estimation or estimating is the process of calculating the quantities of various items of works involved in the project. Ø Estimate is a document which furnishes the quantities of different works involved, their rates and the expenditure anticipate in a project. NECESSITY OF ESTIMATES: Ø To know about the approximate cost of the building construction. Ø To calculate the tax of the building Ø To fix the rent of building Ø The know about the various items of works involved in the building construction and arrange the available materials of the construction. Ø To arrange the labours of the construction works. Ø Take the approval for the government projects. Ø To having the loan from the bank. DIFFERENT TYPE OF ESTIMATES: Preliminary or Approximate estimate: Ø This estimate is prepared to decide financial ...