1 / 10

Presentation

Construction cost Estimate. Presentation. Presentation Outline. Estimating Process What is an Estimate : Definition of Estimation Types of Construction Costs Direct Costs Indirect Costs Cost Estimating Process Types of Estimation Conceptual Estimating Preliminary Estimating

jamese
Download Presentation

Presentation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Construction cost Estimate Presentation

  2. Presentation Outline Estimating Process What is an Estimate : Definition of Estimation Types of Construction Costs Direct Costs Indirect Costs Cost Estimating Process Types of Estimation Conceptual Estimating Preliminary Estimating Engineer Estimate Bid Estimate

  3. Estimating An estimate is the “Prediction” of future construction costs. The process of looking into the future and predicting project cost and resource requirements The process of determining the anticipated cost of materials, labor, and equipment of a proposed project.

  4. Types of Construction Costs Labor Materials Equipment Subcontract Overhead & Profit

  5. Labor Costs Labor Costs To price labor Estimate the work hours required to do a unit of work of all trades involved. (i.e.Carpenters, labors, etc.) Multiply hours required by wages & benefits = Total cost of labor per unit of work Factors affecting labor: Productivity & Availability of qualified labor Unions - wages & rules

  6. Materials Supplies purchased by the contractor and incorporated into the finished construction project (e.g., iron or steel , windows, and concrete).

  7. Equipment costs Cost of equipment including maintenance, taxes and insurance on the equipment, maintenance, deprecation, and allowance for repairs. Operation costs - cost per hour Rental cost Depreciation & maintenance

  8. Direct Costs of all the resources • Indirect Costs Labor L Equipment E Material M • Bond Premiums • Insurance premiums • Fees for licenses and permits • Services such as water, electricity, • telephone, maintaining site office • Home office overheads allocation

  9. What Are Estimates Used For? Bid or Proposal for a construction project Budgets for construction and development Feasibility studies of proposed developments Preliminary Cost during design development Selection of alternative design proposals (based on costs and economics)

More Related