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Methods of approximate estimate

Short answer

Methods are: plinth area (similar buildings), cubic content (multi-storey), unit base (per bed/student/km), approximate quantity (plans available), typical bay (repeated units), cost of similar structure, and cost per km (roads, pipelines). Accuracy ranges 10–15%; approximate quantity is most accurate.

What are the different methods of preparing an approximate estimate? Write the suitability of each method.

MethodHow the cost is foundSuitability
1. Plinth area methodPlinth area x plinth area rate of a similar building, plus extras for servicesBuildings of similar type and finish; the commonest method for the preliminary estimate of offices, schools, hospitals
2. Cubic content (cube rate) methodVolume of the building (plinth area x height) x rate per m³Multi-storey buildings, where height differs; more accurate than plinth area
3. Unit base methodCost per unit of function, such as per bed (hospital), per student (school), per seat (hall), per km (road) x number of unitsQuick estimate of buildings and projects when the function is known
4. Approximate quantity methodTotal length of walls x rate per running metre of wall (covering the foundation and superstructure), plus roof and floor by areaFairly accurate; used when the plan is ready but detailed drawings are not
5. Typical bay methodCost of one typical bay found in detail, multiplied by the number of bays, plus the remaining partsBuildings with repeated bays or units, such as sheds, factories and hostels
6. Cost of similar structureThe actual cost of a similar completed work, adjusted for time and placeSimple, when records of near-identical works are available
7. Cost per kilometre/lengthRate per km of road, canal or pipelineLinear projects (roads, canals, pipelines)

The accuracy is about 10 to 15%; it is best for the approximate quantity method and least for the unit base method. The estimate must be adjusted for the location, the year and the specification.

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