Explanation:
Detailed estimate:
A detailed estimateis the most accurate method and consists of working out the quantities of each item of works and working the cost. The dimensions are taken directly from the drawings and quantities of each item are calculated. Finally abstracting and billing is done.
This is prepared in two stages.
1. Details of measurements and calculation of quantities
2.Abstract of Estimated Cost
In the first stage, the quantity, availability, and transportation of materials parameters is being analyzed.
In the second stage, the total abstract of the above analysis is shown.
![[Solved] An accurate estimate is prepared in detail item-wise by: (1)](https://i0.wp.com/cdn.testbook.com/images/production/quesImages/quesImage13.png "[Solved] An accurate estimate is prepared in detail item-wise by: (1)")
The different type of estimates and their meaning is mentioned below in the tabulated form:
Type of Estimate | Definition |
Preliminary Estimate | It is an approximate estimate and prepared by the owner itself before the actual award of work to any agency. |
Cube Rate Estimate | It is an approximate estimate and prepared by calculating the cubical content of a building by multiplying its length, breadth, and height. |
Revised Estimate | It is prepared when the original sanctioned estimate is likely to exceed more than 5% due to changes in the quantity of material or rates. |
Supplementary Estimate | It is the freshly detailed estimate of theadditional worksin addition to the original estimate. It is required when further development is required during the progress of work. |
![[Solved] An accurate estimate is prepared in detail item-wise by: (2024)](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mP8/h8AAvMB+NzmkbcAAAAASUVORK5CYII=)