What Are Construction Cost Estimates?

Purpose of Preparing a Cost Estimate

1. To sanction the amount of money required for the completion of the construction project.
2. To have a rough idea about the quantities of materials needed for the work.
3. To understand the number of skilled as well as unskilled laborers required for the completion of the work.
4. To arrange the funds required for the project and invite tenders for the project.
5. To understand the time needed for the completion of the project.

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Types of Construction Cost Estimates

• Plinth Area Method
• Cubical Content Method
• Service Bay Method
• Typical Bay Method
• Approximate Quantity Method

• Revised Estimate
• Supplementary Estimate
• Revised and Supplementary Estimate
• Repair and Maintenance Estimate

1. Approximate Estimate 

1.1. Plinth Area Method 

1.2. Cubical Content Method 

1.3. Service Bay method 

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1.4. Typical bay method 

1. Foundation of the structure, including plinth
2. Superstructure

2. Detail Estimate 

2.1. Revised Estimate

2.2. Supplementary Estimate 

2.3. Revised and Supplementary Estimate 

2.4. Repair and Maintenance Estimate 

Construction Cost Estimates

Construction Estimating

How Do I Estimate Building Costs?

Building Cost Estimator

Types of Construction Estimates

• Plinth Area Method
• Cubical Content Method
• Service Bay Method
• Typical Bay Method
• Approximate Quantity Method

• Revised Estimate
• Supplementary Estimate
• Revised and Supplementary Estimate
• Repair and Maintenance Estimate

What Are the Three Types of Cost Estimates?

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