s82018 Unit Cost Method of Estimation in Construction Projects ay He Constructor (nps:irtneconstructor.org/ Civil Engineering Home Unit Cost Method of Estimation in Construction Pi ifications Unit cost method of estimation in construction projects starts with dividing a project intoge elements for the purpose of cost estimation. The cost of each of the project’s components; c assessed and their cost estimation is calculated. Sum of costs of each project elements dive cost of the project. The unit cost method of estimation can be used for project design estimates as well as for | Construction cost estimates are of three types mentioned below: 1. Preliminary Cost Estimates 2. Detailed Cost Estimates 3. Engineer's Cost Estimates During the preliminery cost estimate, as cost details of every minute elements are not o project is divided into major components and cost estimate of these major units are calcual project experiences. The cost of euipments if any is also included. For example, estimating based on its area. During detailed Cost estimates, the project is divided into components of various major ¢ each components is estimated to calculate project cost. For example, cost of installation of beams, columns or walls etc. During Engineer's cost estimates, each of the components of the major systems of the F various components that contributes to the cost of the major systems. For example, for cost estimation of an RCC column, the components are concrete, which is cement, sand and aggregates, reinforcement steel, formworks etc. The unit cost of each of considered by calculating the cost of an RCC column. hitps:thecerstructor orglconstructiontnt-cost-methoe-oF-esimation907! uss82018 Unit Cost Method of Estimation in Construction Projects Get Notifications For bid estimates, the unit cost method of estimation can also be used even though the cor project into different levels in a hierarchy as follows: For 1. Subcontractor Quotations: The general contractor of the construction project ma various items from the subcontractors. The rates prescribed by the subcontractors for projects can be used for the total construction cost etimate for the project. However, t accuracy of the cost depends on the method of cost estimates selected by the subcont 2. Quantity Takeoffs: The division of a construction project into various items of qua measured from the engineer's plan will result in a procedure similar to that adopted fo an engineer's estimate by the design professional. The levels of detail may vary accorc general contractor and the availability of cost data. 3. Construction Procedures: If the construction procedure of a proposed project is t cost estimate, the project may be decomposed into items such as labor, material and « perform various tasks in the projects. mula for Unit Cost Method Suppose that a construction project is divided into “n” elements for cost estimation. Let "Qi ith ek jement and ui be the corresponding unit cost. Then, the total cost of the project is give X 4, i=l ¥ hitps:thecenstructer orglconstructiontant-cost-methos-ofestimaten!907/ ies82018 Unit Cost Method of Estimation in Construction Projects where n is the number of units. The unit cost of element ui is estimated based on the meth technology used, type of materials used etc. Factored Unit Cost Estimate Formula Sometimes during the cost estimate, there can be some of the minute components whiclyn considered or there can be some variations w.r.t time. In such cases, the cost of units arf for variations or the elements not considered in the estimates. The formula for factored i follows: 3 Get Noti Leoat+n where Ci is the purchase cost of a major component i and fi be a factor accounting for the « item, n is the number of components included in the construction project. Formula Based on Labor, Material and Equipment Suppose that a construction project is decomposed into n tasks. Let Qi be the quantity of w unit material cost of task i, Ei be the unit equipment rate for task i, Li be the units of labor and Wi be the wage rate associated with Li. In this case, the total cost y is: y= Dy = LOM+e4 mL) = Note that WiLi yields the labor cost per unit of Qi, or the labor unit cost of task i. Conseque terms in Equation above are consistent. ©2017 The Constructor hitps:thecenstructer orglconstructiontant-cost-methos-ofestimaten!907/ its82018 Unit Cost Method of Estimation in Construction Projects hitps:thecenstructer orglconstructiontant-cost-methos-ofestimaten!907/ a8