Preview

Shear Walls

Good Essays
Open Document
Open Document
953 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Shear Walls
CIVIL ENGINEERING ESTIMATES
An estimate is a calculation of the quantities of various items of work, and the expenses likely to be incurred there on. The total of these probable expenses to be incurred on the work is known as estimated cost of the work. The estimated cost of a work is a close approximation of its actual cost. The agreement of the estimated cost with the actual cost will depend on accurate use of estimating methods and correct visualization of the work, as it will be done. Importance of correct estimating is obvious. Under-estimating may result in the client getting an unpleasant shock when tenders are opened and drastically modifying or abandoning the work at that stage. Over-estimating may lose the engineer or estimator his client or his job, or in any case his confidence.
Estimating is the most important of the practical aspects of construction management, and the subject deserves the closest attention of one aspiring to a career in the profession. It is a comparatively simple subject to understand; however, as it brings one up against practical work, methods and procedure, knowledge of it cannot be acquired without close application.
.Purpose of Estimating:
To give a reasonably accurate idea of the cost
An estimate is necessary to give the owner a reasonably accurate idea of the cost to help him decide whether the work can be undertaken as proposed or needs to be curtailed or abandoned, depending upon the availability of funds and prospective direct and indirect benefits. For government works proper sanction has to be obtained for allocating the required amount. Works are often let out on a lump sum basis, in which case the Estimator must be in a position to know exactly how much expenditure he is going to incur on them
1. Estimating Materials
From the estimate of a work it is possible to determine what materials and in what quantities will be required for the work so that the arrangements to procure them can be made.
2. Estimating

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Nt1310 Unit 4

    • 555 Words
    • 3 Pages

    | Gives a accurate estimate of the total project cost. Used for making purchasing decisions for which accurate estimates are required. Definitive estimates are created one year or less prior to project completion. The accuracy…

    • 555 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Aren’t We Done Yet?

    • 675 Words
    • 3 Pages

    The completed-contract method of accounting is used in instances in which reliably dependable estimates of the total costs to be incurred under a specific contract cannot be made.…

    • 675 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Project Costing wk4TeamB

    • 1051 Words
    • 6 Pages

    Cost estimates are the one that could have a high risk over the project and it is the one…

    • 1051 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    "Cost estimating - Based upon the activities, their time estimates, and resource requirements, an estimate can be developed.…

    • 1088 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Cost: A budget is estimated for a given project and should be spend to deliver product or services to end user. If the budget is…

    • 251 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    BBA 360

    • 1876 Words
    • 9 Pages

    2. Spread the budget for each work package over the expected time span /activities will be performed to determine how much of the budget should be spent at any one time…

    • 1876 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Anagene In

    • 1220 Words
    • 9 Pages

    The current system doesn’t do well at estimating the cost. The estimated material and scrap cost, overhead cost depends…

    • 1220 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    One of the most important factors to the success of a project is how well the project is estimated, as well as how overall costs are managed during the execution phase by the project manager. Project costs and estimates are vital to the success of any organization to remain competitive in the market. Cost estimating for organizations rely heavily on resources that can sometimes be difficult to obtain. Forecasting and utilizing historical return costs are just a couple of ways that organizations rely on estimating. Experienced planners are often a sought trade within the market; this paper will discuss some often used project cost estimating techniques.…

    • 746 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Greeting's Case Study

    • 758 Words
    • 4 Pages

    This is the estimate of how much overhead will be needed based on estimate of production.…

    • 758 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Week Dqs

    • 274 Words
    • 2 Pages

    Accurate estimates are critical to effective project management because having accurate time and costs estimates helps ensure the project is a success. Project control is dependent on accuracy of estimates, time and cost, estimates are major inputs to project planning. Estimates are used to support good decisions to determine project duration and cost. Used to develop time phased budgets and estimating helps reduce error. Project managers can take steps to improve the accuracy of estimating projects by using techniques to scope, constrain and plan the projects conditions, this will help reduce risks, and increase the project’s success.…

    • 274 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    This project plans to develop a methodology to estimate future projects’ costs and their appropriate contingency reserves for changing prices in constructional projects. Based on the methodology, recommendations will be given in order to change Ministry of Construction’s policies that relates to project budgets, and how to deal with the current policies if they are not changed.…

    • 311 Words
    • 2 Pages
    Good Essays
  • Good Essays

    B. Estimated total manufacturing overhead costs divided by estimated total units in the allocation base.…

    • 1418 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Circuit city

    • 752 Words
    • 3 Pages

    4). Estimates can be made with relative certainty as to future costs to be incurred under the extended warranty.…

    • 752 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    U6 Assessment

    • 606 Words
    • 4 Pages

    2.2 Explain the purpose of using estimations when developing a budget and ways of doing so…

    • 606 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Estimated Liabilities

    • 279 Words
    • 2 Pages

    In the above information I have explain what estimated liabilities was and gave you two examples. The biggest estimated liabilities are vacation benefits because you don’t know if your employers will take their vacation or not. Warranties are never a guarantee of what liability that you would have to use, so much may go wrong or nothing at all could happen, you never know. The key word is estimated because at the end you’re estimating if this or that will happen.…

    • 279 Words
    • 2 Pages
    Satisfactory Essays