What is an Estimate?
What is estimating? Estimating is collecting all of the available information relating to a scope of work and the expected resources to undertake and complete the scope, including future changes in resources costs. Estimating is also a mental process of visualisation of a construction methodology. It is not expected to carry a high degree of […]
10 Reasons Why Contractors Need Estimating
1. Define Quantities Contractors need to estimate the volumes and quantities for all items of the Scope of Work to determine the resources required to execute the work. These resources include the labour effort required, the materials to purchase, items of plant as well as subcontractor prices. 2. Labour Histogram Contractors then utilise the estimated […]
10 Reasons Why Clients / Owners Need Estimating
1. Capital Investment Owners need estimating to work out the amount of Capital Investment they need to meet their business obligations, or the amount of money needed to make acquisitions of long term assets or money invested to improve turnover and profitability. 2. Viability of Projects An estimate is required to assess the viability of […]