Most accurate method of estimation is based on:
Most accurate method of estimation is based on:
1). Building cost index estimate.
2). Plinth area estimate.
3). Detailed estimate.
4). Cube rate estimate.
1 answers
Detailed estimate is the most accurate method and consist of working out the quantities of each of item of works and working the cost. The dimensions are taken directly from the drawings and quantities of each item are calculated. Finally abstracting and billing is done.
This is prepared in two stages.
1. Details of measurements and calculation of quantities
2. Abstract of Estimated Cost$
In the first stage, the quantity, availability, and transportation of materials parameters is being analyzed.$
In the second stage, the total abstract of the above analysis is shown.$
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