What are estimates? Why are they prepared

Way of calculation of quantities of items, expenses to incurred appropriate amount of engineering project before the work is executed is called Estimate.

They are prepared:

• To know the quantities of various items of work, a material and labour and their source of identification.

• To decide whether the proposal can match the available funds to complete the structure.
• To obtain the administrative and technical sanction of estimate from the competent authorities to release the funds for construction.

• To invite tenders or quotations based on the estimate quantities for entrust of works to the execution.

• Estimate is also required to control the expenditure during the execution of work.
• Estimate decides whether the proposed plan matches the funds available or not.