ESTIMATE

ESTIMATE

• Construction cost estimate is an approximate computation of the probable

cost of a project.
• Cost estimates will help dictate the scope of work of the project during the
predesign phase, Design phase, Bidding phase and Construction phase

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ESTIMATES DEPENDS ON

• Information available
• Time available
• Intended use of the estimate

Estimating is the financial control, planning and procurement of resources

throughout the project.

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an accurate estimate is helpful in
FOUR KEY AREAS OF ACTIVITY
• Planning

• Timely ordering of project resources

• Project control
• Preparation of cash flow
• Financing
• Tendering

• A good tender sum is the lowest possible and still allows the project to be executed w/
a profitable margin.
• Constructing

• During this time, the contractor’s goal is to follow the cost and project duration.

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COST ESTIMATING
STAGES
STAGE DEVELOPMENT OF THE PROJECT

• Budgetary estimate

• This estimate is prepared in response to a demonstrated need. The best

source of this is prior experience.

• Schematic design estimate

• at this phase the spatial design has been committed to a plan and few
elevations. This phase utilizes square meter cost

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• Design development estimate

• This is based upon the drawing which are an evolution of the schematic
design drawings. The spatial solution for the building during this phase
has been completed, and so the architectural and structural take-off is
substantially accurate

• Construction and bidding estimate

• Estimates during the construction are based on reality. The actual cost
of work in place can be used as a guideline in estimating extra work or
changes in scope.

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ESTIMATING BY USER UNIT METHODS

• Cost per bed

• Cost per population(pax)
• Cost per parking space
• Cost per square meter

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 SQUARE METER COST
• Space Factor to be used in estimating by area to arrive at an accurate cost per
square meter of a building spaces and its appendages should be converted to
their equivalent values

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 SQUARE METER COST
• Bedroom = 64 sqm x
1.00(multiplier)x Php 10,000/sqm =
Php 640,000.00

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 SQUARE METER COST
• Given:
• kitchenette area =2.5m x 3m
• 2022 cost/sqm estimate = Php 27,625 per sqm
Solution:
• 7.5 sqm x 1.5 (multiplier)x Php 27,625/sqm
• = Php 310,781.25

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ACTIVITY PER ROOM COST

Given: ROOM TYPE ROOM AREA AMOUNT

BUNGALOW HOUSE –
Php 27,000 per sqm
2 - 2m x 3m bedroom INDIRECT COST
1 – 4m x 3m master bedroom PROFIT(15%)
OVERHEAD COST (5%)
1 - 5mx 4m living and dining area
1 - 1.8 sqm T&B TAX (ID+DC) (6%)
2 - 2.5 sqm kitchen
TOTAL COST
1 – 2m x 3m open terrace
(ID+DC+TAX)

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THANK YOU