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ABUCEJO BldgDes1 CE4-4 EstimateActivity

This document outlines the Construction Estimates Activity for Building Design 1 for the 1st Semester of AY 2024-2025, detailing instructions for submission and formatting. It provides an introduction to construction estimating, including its importance, types of estimates, key components, levels of accuracy, and ways to improve the estimating process. Additionally, it lists three examples of construction estimating software.

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jeramie Cano
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17 views3 pages

ABUCEJO BldgDes1 CE4-4 EstimateActivity

This document outlines the Construction Estimates Activity for Building Design 1 for the 1st Semester of AY 2024-2025, detailing instructions for submission and formatting. It provides an introduction to construction estimating, including its importance, types of estimates, key components, levels of accuracy, and ways to improve the estimating process. Additionally, it lists three examples of construction estimating software.

Uploaded by

jeramie Cano
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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CONSTRUCTION ESTIMAATES ACTIVITY

BUILDING DESIGN 1 – BLDG DES.1


1st Semester; AY 2024-2025

NAME : Shannon Abucejo E.


SECTION : BSC 4-4
DATE : OCT. 24, 2024

INSTRUCTIONS.

Answer the following items below and complete the table.

Use this document file to type in your answer. The final output must be in PDF FORMAT.
Please use the Arial font style and font size 11.

Please save the file in this format: Surname_Subject_Section_EstimateActivity

Submit to my email address above.

Deadline: November 8, 2024, FRIDAY, 11:59pm

INTRODUCTION TO CONSTRUCTION ESTIMATES:

1. What is construction estimating, and why is it important?

Construction estimating is the process of calculating the projected cost of a construction project.
It involves breaking down the project into its individual components, assigning costs to each,
and then totaling them to arrive at a final estimate. Accurate estimating is crucial for several
reasons:

Budgeting: It helps in setting a realistic budget for the project.

Bidding: It's essential for contractors to submit competitive bids.

Risk Management: It helps identify potential risks and cost overruns.

Decision Making: It informs important decisions about project scope and material selection.

2. Discuss the three main types of estimates.

a. Ballpark Estimate - A rough estimate based on historical data and similar past projects. It's
often used in the early stages of a project to get a general idea of the cost.

b. Detailed Estimate - A precise estimate that involves breaking down the project into its
smallest components and assigning costs to each. It's used for larger, more complex projects.
c. Flexible Estimate - A hybrid approach that combines elements of both ballpark and detailed
estimates. It provides a more accurate estimate than a ballpark estimate but is less detailed
than a full-blown detailed estimate.

3. Describe each cost Estimating Key Component.

a. Direct Costs - Costs directly associated with the construction of the project, such as
materials, labor, and equipment.

b. Indirect Costs - Costs that are not directly tied to specific construction activities, such as
permits, insurance, and overhead.

c. Labor Costs- Costs associated with labor, including wages, benefits, and taxes.

d. Subcontractor Expenses - Costs incurred for work performed by subcontractors.

4. Describe each level of accuracy in construction estimating.

a. Level I- General Estimate - A very rough estimate based on limited information.

b. Level II - Schematic Design Estimate - A more detailed estimate based on preliminary


design drawings.

c. Level III - Design Development Estimate - A more accurate estimate based on detailed
design drawings.

d. Level IV - Construction Document Estimate - A highly accurate estimate based on final


construction documents.

e. Level V - Bid Estimate - The most accurate estimate, used for bidding purposes.

5. Give 5 ways on how to improve your construction estimating process.

Use Accurate Data: Ensure that you have accurate and up-to-date cost data.

Break Down the Project: Divide the project into smaller, more manageable components.

Consider Contingencies: Account for unforeseen circumstances by including contingency


funds.

Review and Verify: Regularly review and verify your estimates to identify errors.

Utilize Estimating Software: Use specialized software to streamline the process and improve
accuracy.

6. Give 3 examples of construction estimates software, including product logo.

1. PlanSwift: A powerful estimating software that helps you quickly and accurately estimate
construction projects.
2. ProEst: A comprehensive estimating software that offers a wide range of features, including
material takeoffs, labor costing, and report generation.

3. Sage Estimating: A cloud-based estimating software that provides real-time collaboration


and access to your estimates from anywhere.

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