Question: What Is The Main Factor To Be Considered While Preparing A Detailed Estimate?

Which is the most reliable estimate?

Detailed estimateExplanation: The most reliable estimate is the Detailed estimate.

Estimate means a rough calculation of the expenses that is likely to be incurred to undertake various items of work..

How is detailed estimate calculated?

(v) Detailed Estimate (Or Item Rate Estimate): This is the accurate method of estimating in which the entire building work is subdivided into individual items of work. … The abstract of the estimated cost is prepared by multiplying the quantities of each of the above items by the rate of the completion of that item.

What is a calculated estimate called?

To approximate is to calculate the value of something based on informed knowledge. As a verb, approximate means “to estimate.” Unlike the word guess, approximate implies the use of a logical or mathematical method. …

What is the order of booking dimensions?

Answer: the order of booking dimenssion is Length , breadth and height .

What does detailed estimate include?

Detailed Estimate Detailed estimates include incredibly detailed information on quantities, costs and rates—in fact, all items necessary to complete the project. All the line items are added together to reach the final cost, according to Civil Engineering Daily.

What is estimate and its types?

Based on these criterias, there are mainly 8 cost estimates followed in construction: Preliminary Cost Estimate. Plinth Area Cost Estimate. Cube Rate Cost Estimate. Approximate Quantity Method Cost Estimate.

How do I do a detailed estimate?

The process is as follows:Calculate Quantities. Each project task is estimated by calculating the quantities of resources, materials, tools, and incidentals necessary to perform the task.Estimate each task. Analogous or parametric techniques are used to estimate the task. … Produce Project Estimate.

What are the two types of estimation?

There are two types of estimates: point and interval.

What are the three basic types of cost estimating?

Nonetheless, there are three types of cost estimation classified according to their scope and accuracy. These are (1) order of magnitude estimate; (2) budget estimate; and (3) definitive estimate.

What is the meaning of estimate?

estimate, appraise, evaluate, value, rate, assess mean to judge something with respect to its worth or significance. estimate implies a judgment, considered or casual, that precedes or takes the place of actual measuring or counting or testing out.

What is the longitudinal slope called?

8. What is the longitudinal slope called? Explanation: The grade (also called slope, incline, gradient, mainfall, pitch or rise) of a physical feature, landform or constructed line refers to the tangent of the angle of that surface to the horizontal.

Which method for detailed estimate is more accurate?

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.

Which of the following is required while preparing a detailed estimate?

Explanation: For preparing an estimate, data such as drawings, detailed specifications, rates, etc. is required. The drawings needed to prepare the estimate include plans, sections, elevations, etc. 2.