Master Estimator

Master Estimator The preliminary cost estimation is often the first step towards the execution of a work. This template consists of formats Market Rates Rate Analysis Estimates & Costings and is based on co. efficient/thumb rule data and linked to each file with a view for Engineers for rapid preparation & checking of various aspects involved in the preliminary estimates & costing. This template consists of co. efficient/thumb rule data for estimates of independent residential buildings and their allied developments.

• Abstract Estimate
• Break up cost
• Cost Sheet
• Costing Labour Rate
• Costing with Materials
• Labour Cost
• Market Rate
• Materials Requirements
• Materials
• Rate Analysis
• Unit Rate list

The basic information provided to help Young Engineers/Professionals. However, the detailed estimate quantity prepared based on design, drawings, and specifications can be incorporated in the template/format to derive output for better accuracy. The Market rates and rate analysis are variable from place to place from time to time. Therefore applicable rates & practices to be corrected accordingly. The difficulties of site condition in terms of restriction due to approach road or neighbour hood etc to be additionally factored.

The template is the general reference guide for Preliminary estimates of normal residential building work. This template is not a substitute for detailed estimation. I would like to apologize for any mistakes left inadvertently and will welcome comments/suggestions from the readers.

Rate analysis is a crucial process in construction project management that involves determining the cost of various project activities such as labor, materials, and equipment. Here’s how it works:

1. Basis for Correct Rates: Rate analysis forms the basis for establishing the correct rate per unit of work or supply of work specifications like labor, materials, and equipment.
2. Determining Project Cost: It helps in understanding the total cost of the project by summing up the rates of different project items.
3. Estimation of Total Project Cost: By knowing the rates of different items, rate analysis enables estimating the total cost of the project.
4. Viability Examination: Contractors can examine the viability of rates offered by contractors through rate analysis .

Follow on Facebook click here

More Software on click here