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Home| Questions|Q 70470
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Answered
Mahima Singh
Mahima Singh
Asked: May 22, 20222022-05-22T14:00:50+05:30 2022-05-22T14:00:50+05:30In: Quantity Surveying

What are estimates? Why are they prepared

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      Gursimran Kaur
      2022-05-22T14:19:49+05:30Added an answer on May 22, 2022 at 2:19 pm

      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.
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