1. QSB60504 Estimating
Tutorial 2 (Question 1)
Group Members :
Lai Hui Ying 0333416
Low Wan Jing 0329214
Ngeow Yee Ling 0329178
Penny Leung 0328245
Tan Shen Sin 0324602
Thasia 0329051
2. a. Explain to your client the importance of estimating at different stages
of procurement.
3. Pre-contract
• Estimation of cost and time
• Cost control
• Allocate budget
• Prediction of construction period
• To establish a construction schedule
• Assist clients to get the most competitive tender
Advantages of estimating
4. Advantages of estimating
Post Contract
Construction
· Budget to management
· Used for many assessment
· Control cost
· Cash flow
· Assist client in making changes
Tenancy and occupation
· Certificate of completion and compliance(ccc) issued after tests
for tenancy suitability
5. b. Explain to your client the differences of measurement,
tendering and estimating
6. c. Explain to your client what preliminaries items are and provide
five (5) examples.
Preliminary costs are expenses that will be incurred during construction, which
are directly related to the running of the project and have not been included in the
materials, labour or overheads.
2. Tools (Hammer, spanners, screwdrivers,
saws, etc)
Examples:
1. Workers’ accommodation
8. 5. Insurance (All Risk Insurance, Workman’s Compensation)
This value becomes a budget or allowance that the foreman must keep within
when the project commences. The total amount is transferred to the final
summary of the tender and forms part of the financial mark-up on the tender
price.
