# ESTIMATE :- It may be designed as the process of calculating the quantities of various items of work and expenses likely to be include there as of the particular work or project
An estimate is the proble cost of construction for a work .worked out from the dimension on the drawing on the the drawing and the standing rate at the time of prepration of the estimate ,
Estimate cost :- theoritical cost of work
Actual cost :- after completetion of work (from account record )
#Purpose of estimate :-
An estimate is the proble cost of construction for a work .worked out from the dimension on the drawing on the the drawing and the standing rate at the time of prepration of the estimate ,
Estimate cost :- theoritical cost of work
Actual cost :- after completetion of work (from account record )
#Purpose of estimate :-
- To give resonable accurate idea of cost of work
- To estimate various types & quantityof magterial required
- To estimate various categories and quantities ofg labour required
- To estimate of completion of work /project
- To determine the value of prepare bill for payment .
- To justify the investment fro benifit cost ratio .
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