Define  Estimate ?


  An estimate ia an anticipated or probable cost of work,  which is usually prepared before the construction is taken up. Before undertaking any work or project it is necessary to know its probable cost. An estimate prepared by calculating the quantity required and then calculating the cost of available rates, to get the expenditures likely to be incurred in the construction of the work. 



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More Questions from Quantity Surveying and Contracts Management Module 5

short note  Bonus 


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Suspension of Works 


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Performance Guarantee 


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Short note on  : Time of completion 


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Methods of Valuation 


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Define  Estimate ?


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Define Valuation ? Describe purpose of Valuation. 


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