It serves the number of purposes in the construction process including preparation and finalization of bids and cost control. The main purpose is to provide volume of work for cost control and to see that the adequate options of materials are explored during the execution of the project.
Estimation and costing in Civil deals with calculating the quantities and its expected expenditure to be incurred from particular project.
A quantity estimate includes a list of quantities for all materials needed to complete a project. Its purpose is to give the client a complete list of all the quantities required for the project and what the cost will be for each quantity. It is a key estimating method in construction.
Need
- It helps us to decide whether rate of proposed project match meets our funds available for the project
- Avoids unwanted loss incurred in project
- Helps in inviting tender and quotation to arrange contract
- Gives an idea about time and its schedule of work required for completion of project.