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  • Basics of Cost Estimation For Electrical Works - Reviewed

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    samy gomaa
    126 views20 pages
    This document provides guidance on cost estimation for electrical works projects. It outlines that cost estimation occurs in multiple phases - concept, schematic, and detailed design - with varying accuracy ranges. The document details principles and required data for concept and schematic stage estimations. It also explains principles for detailed cost estimation, including systems packaging, breakdown sheets, and pricing of individual electrical items and components while accounting for direct, indirect, overhead and profit costs. The goal is to reach an exact project cost and help evaluate contractor bids.

    Original Description:

    MEP Electrical Engineer

    Original Title

    Basics Of Cost Estimation For Electrical Works - reviewed

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    This document provides guidance on cost estimation for electrical works projects. It outlines that cost estimation occurs in multiple phases - concept, schematic, and detailed design - with varying accuracy ranges. The document details principles and required data for concept and schematic stage estimations. It also explains principles for detailed cost estimation, including systems packaging, breakdown sheets, and pricing of individual electrical items and components while accounting for direct, indirect, overhead and profit costs. The goal is to reach an exact project cost and help evaluate contractor bids.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    126 views20 pages

    Basics of Cost Estimation For Electrical Works - Reviewed

    Uploaded by

    samy gomaa
    This document provides guidance on cost estimation for electrical works projects. It outlines that cost estimation occurs in multiple phases - concept, schematic, and detailed design - with varying accuracy ranges. The document details principles and required data for concept and schematic stage estimations. It also explains principles for detailed cost estimation, including systems packaging, breakdown sheets, and pricing of individual electrical items and components while accounting for direct, indirect, overhead and profit costs. The goal is to reach an exact project cost and help evaluate contractor bids.

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    of 20

    E.

    TECH For Engineering Services

    Basics Of Cost Estimation


    For Electrical Works
    Prepared By/
    Mohamed Tharwat Abdel Rahman
    E.TECH For Engineering Services

    Cost Estimation Phases

    Accuracy Concept Detailed Accuracy


    +40% / -20% Feasibility Design +10% / -5%
    Design Completion
    Completion 30% to 100%

    0% to 15%

    Schematic
    Design
    Completion
    10% to 70%
    Accuracy
    +30% / -15%
    E.TECH For Engineering Services

    Cost Estimation is required at all Design


    Stages:
    • In Concept Stage: It helps the Client to make his Feasibility Study and
    Financial evaluation.

    • In Schematic Stage: Check whether preliminary design is suitable for


    project budget or higher.

    • In Detailed Stage : Reach an exact cost of the project & help evaluate
    contractors bids and prices.
    E.TECH For Engineering Services

    Concept & Schematic Cost Estimation Principles


    E.TECH For Engineering Services

    Concept Stage Pricing:

    General Layout

    Foot Print Area


    Required Data
    Buildings BUA &
    Floors
    E.TECH For Engineering Services
    Example:
    Ideal Standard Project:

    BODR

    Design
    Cost Team Cost Team Pricing
    Department

    BOQ

    To Client
    +40% , -20%
    E.TECH For Engineering Services

    Schematic Stage Pricing:

    General Layout

    Arch Plans
    10% - 70%
    Required Data
    Check List

    Buildings BUA &


    Floors
    E.TECH For Engineering Services
    Example:
    IMC Project:

    BODR

    Design
    Cost Team Cost Team Pricing
    Department

    BOQ

    To Client
    +30% , -15%
    E.TECH For Engineering Services

    Detailed Cost Estimation Principles


    E.TECH For Engineering Services

    Contracts
    Types

    Design Built
    RE-Measured Lump-Sum Cost Plus
    Contract
    E.TECH For Engineering Services

    Systems & Equipment's Packaging:

    Specifications • Equipment or System Specifications & Requirements.

    BOQ • Equipment or System item located in BOQ.

    • Equipment or system DWG.


    • Equipment or system details or sections.
    DWG • S.L.D or Risers.
    • Any Calculation sheets related to equipment & system.
    E.TECH For Engineering Services

    Systems & Equipment's Packaging:

    Compliance with
    Supplier.01
    specifications

    Select Best price as


    Cost Team Supplier.02 well as compliance
    with specifications

    Financial
    Supplier.03
    Compliance
    E.TECH For Engineering Services

    Break Down Sheets:

    Direct Cost

    Indirect Cost
    E.TECH For Engineering Services

    Direct Cost

    Material Accessories
    Installation Transportation
    Supply Cost Cost
    E.TECH For Engineering Services

    Indirect Cost

    Over Head Profit


    E.TECH For Engineering Services

    Over Head & Profit:

    Contract Profit
    Sales Taxes 10 – 15%
    5%

    Site Social
    Expenses Insurance
    4% 3.6%

    Stamp
    Head Office
    Duties
    6%
    1.95%
    E.TECH For Engineering Services

    Electrical Items Pricing


    E.TECH For Engineering Services

    Electrical Items

    Equipment or Devices Electrical Outlets

    Power Equipment Lighting Outlets


    Transformer – RMU – Panel Boards.. ETC

    Wiring Devices Power Outlets


    Switches – Sockets - Isolators.. ETC

    LC Equipment LC Outlets
    Cams –Detectors - Controllers.. ETC
    E.TECH For Engineering Services

    Equipment or Devices Pricing:

    [{Item Price + Accessories Price} + Transportation + Installation] x Over Head & Profit

    Electrical Outlets:
    [({Av. Length x Conduit Price} + {Av. Length x Cable Price} + {Accessories Cost}) +
    Transportation + Installation] x Over Head & Profit

    All Prices must include VAT


    E.TECH For Engineering Services

    Thank You

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