Elements of Cost Estimate

The main objective of quantity surveying is to provide estimates for civil engineering work, which helps in decision-making and arranging funds for the project. It is important because it provides information on the cost of the project and assists in accurate budgeting and tender preparation.

The purpose is to assist the client in having an accurate estimate of the volume of work and the required budget, to aid in the accurate preparation of tenders, to provide an accurate checklist of work accomplished, to assist in the certification of payments, and to give insight into the required variations.

Quantity surveying involves calculations of various quantities and other expenses incurred in construction work. These calculations serve as the basis for estimating the cost of any project.

<p>It is important to have an accurate estimate to make informed decisions on arranging funds and completing the project. It also aids in the accurate preparation of tenders and ensures that work is accomplished within the set budget.</p> Signup and view all the answers

<p>Quantity surveying contributes to the construction industry by providing accurate estimates, assisting in budgeting and tender preparation, ensuring work accomplishment within budget, and facilitating the certification of payments.</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>False</p> Signup and view all the answers