Cost Planning
Cost planning is the technique by which budget is allocated to the various elements of an intended building project to provide the design team with a balanced cost frame work within which to produce a successful design which
Cost planning is the technique by which budget is allocated to the various elements of an intended building project to provide the design team with a balanced cost frame work within which to produce a successful design which
Every contractor should be submit following information for bidding process The contractor’s company name and mailing address, if it is a branch office, the address of the main office and the phone numbers and
Preparation of a cost analysis Theprimary purpose for using cost analysis of construction project provides usefulsource of cost information. Any form ofcost analysis should be provided in standard way with the following. Informationon the total project Summaryof element costs with preliminaries shown separately and also apportioned amongthe elements Abrief specification in …
Storey enclosure unit– It measure the area of external walls, floors and roof areas (effectivelyenclosing the building) and multiplying them by an appropriate weightingfactor. Not much usedin practice and involves greater calculation. Historicaldata are not readily available Provides asingle rate Take intoaccount of difference in plan shape total floor area, vertical position of thefloors, overall …
Quantity Surveyor is the preparation of bill of quantities. The primary function of bill of quantities Bill of quantities need to provide a source of data for quantity surveyors to estimating collect to the data for feedback of information for the contractor. To serve as a contract document – because this sets a standard of …
The Cube method estimating is specific for building projects and aims to overcome the current criticism to the floor area method that does not take into account possible variations of the storey height. The building volume method became very popular in some European countries like in Germany and Switzerland, where building costs are often expressed in …
Unit Method Estimating The unit method estimating consists of choosing a standardunit of accomodation and multiplying an approximate cost per unit Estimate = Standard units of accommodation X Cost/Unit for example: Schools – costs per pupil place Hospitals – costs perbed place Roads – per Kilometers Car parks – costs per car space The technique …
Methods of Estimating / Type of Construction Estimate Methods of estimating,used in the early stages of cost planning,depend on reliablehistorical cost data whereas an analytical approach to estimating is based on applying current prices for resources to a well-developed design.A contractor may use a combination of estimating methods in developing a cost for a design and build …
Project information for cost analysis 1. 1. Building type CI/Sfb classification will be given and restriced to the Built environment classificationtaken from table 0 2. 2. BCIS code The BCIS reference code classification buildings by the formof information, number of storey’s and gross internal floor area in squaremeters. The different construction classes are. …
Equipment costs rank second to labor costs in term of uncertainty and in their effect on the outcome of anticipated profit for a construction project. Many factors can influence the selection of equipment in the construction project. These factors are considering equipment selection. Task Consideration Nature of work This cost depends on the size of …