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    Estimating & Value Engineering: Engr. Timothy Daniel Dj. Felicia

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    Ezekiel Eljay Macatangay
    This document provides an introduction to construction cost estimating and the estimating process. It defines estimation as approximating costs based on incomplete data. Estimates are used for feasibility studies, bidding, budgets, and value analysis. The main types of estimates are detailed, square foot, parametric, and project comparisons. An estimator must visualize projects, understand construction methods and costs, keep cost databases, and meet deadlines. The estimating process involves taking plans and specifications, breaking down the project into components, quantifying materials and labor, applying cost data, and calculating total price.

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    Estimating & Value Engineering: Engr. Timothy Daniel Dj. Felicia

    Uploaded by

    Ezekiel Eljay Macatangay
    142 views15 pages
    This document provides an introduction to construction cost estimating and the estimating process. It defines estimation as approximating costs based on incomplete data. Estimates are used for feasibility studies, bidding, budgets, and value analysis. The main types of estimates are detailed, square foot, parametric, and project comparisons. An estimator must visualize projects, understand construction methods and costs, keep cost databases, and meet deadlines. The estimating process involves taking plans and specifications, breaking down the project into components, quantifying materials and labor, applying cost data, and calculating total price.

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    CE155_MODULE 1_3Q18-19.pptx

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    This document provides an introduction to construction cost estimating and the estimating process. It defines estimation as approximating costs based on incomplete data. Estimates are used for feasibility studies, bidding, budgets, and value analysis. The main types of estimates are detailed, square foot, parametric, and project comparisons. An estimator must visualize projects, understand construction methods and costs, keep cost databases, and meet deadlines. The estimating process involves taking plans and specifications, breaking down the project into components, quantifying materials and labor, applying cost data, and calculating total price.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    142 views15 pages

    Estimating & Value Engineering: Engr. Timothy Daniel Dj. Felicia

    Uploaded by

    Ezekiel Eljay Macatangay
    This document provides an introduction to construction cost estimating and the estimating process. It defines estimation as approximating costs based on incomplete data. Estimates are used for feasibility studies, bidding, budgets, and value analysis. The main types of estimates are detailed, square foot, parametric, and project comparisons. An estimator must visualize projects, understand construction methods and costs, keep cost databases, and meet deadlines. The estimating process involves taking plans and specifications, breaking down the project into components, quantifying materials and labor, applying cost data, and calculating total price.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 15

    Estimating & Value

    Engineering
    CE155
    ENGR. TIMOTHY DANIEL DJ. FELICIA
    MODULE 1:
    INTRODUCTION TO ESTIMATING &
    THE ESTIMATING PROCESS
    INTRODUCTION TO
    ESTIMATING
    • DEFINITION
    • PURPOSES OF ESTIMATES
    • TYPES OF ESTIMATES
    • ROLE OF AN ESTIMATOR
    WHAT IS ESTIMATING?
    • ESTIMATION (OR ESTIMATING) IS THE
    PROCESS OF FINDING AN ESTIMATE, OR
    APPROXIMATION, WHICH IS A VALUE
    THAT IS USABLE FOR SOME PURPOSE
    EVEN IF INPUT DATA MAY BE
    INCOMPLETE, UNCERTAIN, OR
    UNSTABLE.
    WHAT IS ESTIMATING?

    • In construction, it is an approximation
    of cost of a project to the contractor.
    • A process of calculating costs of a
    construction project based on a design
    proposal and using comparisons with
    similar projects to establish budgets
    prior to final pricing.
    purposes of estimates
    Estimates are used for a number of different purposes
    in construction:
    • Determining the feasibility of a project
    • Calculating an approximate price of a project
    • Providing value analysis
    • Calculating & establishing bid prices
    • Determining project budgets in cost control
    types of estimates
    • DETAILED ESTIMATES
    • SQUARE-FOOT ESTIMATES
    • PARAMETRIC ESTIMATES
    • PROJECT COMPARISON ESTIMATES
    types of estimates
    DETAILED ESTIMATES
    • Determination of the quantities and costs of everything that is required to
    complete the project.
    • This includes materials, labor, equipment, insurance, bonds and overhead, as well
    as an estimate of the profit.
    • To perform this type of estimate, the contractor must have a complete set of
    contract documents.

    SQUARE FOOT/APPROXIMATE ESTIMATES


    • Prepared by multiplying square footage of a building by a cost per square foot and
    then adjusting the price to compensate for differences in the building heights,
    length of the building perimeter, and other building components.
    SAMPLE SQUARE FOOT/APPROXIMATE ESTIMATES
    types of estimates
    PARAMETRIC ESTIMATES
    • PARAMETRIC ESTIMATES USE EQUATIONS THAT EXPRESS THE STATISTICAL
    RELATIONSHIP BETWEEN BUILDING PARAMETERS AND THE COST OF THE
    BUILDING.
    • THE BUILDING PARAMETERS USED IN THE EQUATION MAY INCLUDE THE GROSS
    SQUARE FOOTAGE, NUMBER OF FLOORS, LENGTH OF PERIMETER, PERCENTAGE
    OF BUILDING THAT IS COMMON SPACE AND SO FORTH.

    PROJECT COMPARISON ESTIMATES


    • PREPARED BY COMPARING THE COST OF A PROPOSED PROJECT TO A
    COMPLETED PROJECT.
    • WHEN PREPARING AN ESTIMATE USING THIS METHOD, THE ESTIMATOR STARTS
    WITH THE COSTS OF A COMPARABLE PROJECT AND THEN MAKES ADJUSTMENTS
    FOR DIFFERENCES IN THE PROJECT.
    ROLE OF AN ESTIMATOR
    To be an estimator, an individual needs to go a step further. He or she
    must:
    • Be able, from looking at the drawing, to visualize the project through its
    various phases of construction.
    • Have enough construction experience to possess a good knowledge of job
    conditions, including methods of handling materials on the job, the most
    economical methods of construction and labor productivity.
    • Have sufficient knowledge of labor operations and productivity to thus
    convert them into costs of a project.
    • Be able to keep a database of information on costs of all kinds.
    • Be computer literate and know how to manipulate and build various
    databases.
    • Be able to meet bid deadlines and still remain calm.
    • Have good writing and presentation skills.
    Role of the Estimator in the traditional Construction Process
    THE ESTIMATING PROCESS

    Detailed estimating process


    THE ESTIMATING PROCESS

    SIMPLIFIED ESTIMATING
    PROCESS
    references
    • “Estimating for residential construction: 2nd edition” by david
    J. Pratt
    • “Estimating and tendering for construction work: 3rd edition”
    by martin brook
    • “Estimating in Building Construction: 7th edition” by frank r.
    dagostino & steven J. peterson

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