ESTIMATION AND QUANTITY

SURVEYING
Prof. HARISH L REDDY

LEARNING OBJECTIVES:
1. To review the process of estimation
2. To review and understand IS codes for
Standards of Measurements
3. To understand and interpret
measurements from drawings
4. To prepare detailed estimate of a given
structure
5. To prepare a Valuation report for a
particular project

REFERENCES:
1. Engineers Cost Handbook, Richard E. Westney.
2. Estimating and Tendering for Construction Work,
Martin Brook.
3. Construction Quantity Surveying: A Practical Guide
for the Contractors QS, Donald Towey
4. Estimation and Costing, B N Dutta
5. Estimating, Costing and Valuation, Rangwala
IS Codes
1. IS 1200 Part I to Part 28.
Magazines and Journals from Library

Estimate?

As per AACE International

An evaluation of all the costs of
the elements of a project or effort
as
defined by an agreed-upon scope

AACE: Association for Advancement of Cost Engineering

Broad division of estimate process

Reading Specs and Contract Docs
Taking off Quantities
Abstracting
Rate Analysis
Budgeting/Billing

11-step Estimating Process

1. Project initiation
2. Scope Definition
3. Pre-estimate Planning
4. Quantity take-off and item descriptions
5. Data sources and Costing
6. Direct cost totals
7. Summary and Cover sheets
8. Documentation and Checking
9. Management review
10. Estimate issue and filing
11. Cost feedback/ Continual Improvement

Source: The Engineers Cost Handbook, Richard E. Westney

Uses of a Estimate
1.
2.
3.
4.
5.
6.
7.

Assessment of Capital cost

Bidding for Tenders
Planning and Control
Resource requirements
Cash flow analysis
Productivity and Risk assessment
Catalyst for Review meetings

Source: The Engineers Cost Handbook, Richard E. Westney

Accuracy of an Estimate

Influence of Cost Control versus

Time

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Types of Estimate
1. Detailed estimate
2. Revised estimate
3. Supplementary estimate
4. Combination of 2 & 3
5. Approximate estimate
6. Annual maintenance/Repair
estimate

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