introduction about estimate and valuation their purpose some basic definations about valuation measurement of works and materials in estimate

1. SUBMITTED TO-
Prof. Harpinder Singh
SUBMITTED BY-
Aman Kumar
GU-2015-0352-L
B.Tech CE 7th sem.
PRESENTATION ON:- ESTIMATE AND VALUATION

2. Contents…
•Introduction about Estimate
•Necessity of Estimate
•Data Required for Estimate
•Measurements of Materials and Works
•Introduction about Valuation
•Purpose of Valuation
•Basic definations of Valuation

3. Estimate…..?
An estimate is the probable cost of work and is usually
prepared before the construction is taken up.
OR
Estimation is the technique of calculating or computing the
various quantities and the expected expenditure to be
incurred on a particular work or project.

4. Necessity of Estimate
•Estimate give an idea of the cost of the work and hence
its feasibility can be determined i.e, whether the project
could be taken up with in the funds available or not.
•Estimate gives an idea about of the time required for the
completion of the project.
•Estimate is required to invite the Tenders.
•Estimate also required to control the expenditure during
the execution of the work.
•Estimate decides whether the proposed plan matches the
funds avail or not.

5. Data required for Estimate
Drawings:
Plan, sectional elevations
and detailed drawings to
scale, fully dimensions are
required.(scale 1cm=10cm
to 1cm=29cm)
If the drawings are not
clear and without complete
dimensions the preparation
of estimate very difficult.
So, it is very essential
before preparing an
estimate.

6. Specifications:
a) General Specifications- These gives the nature, quality and
class of work and materials. General specifications help to form
a general idea of the whole building or structure and are useful
in preparing the detailed estimate.
b) Detailed Specifications- These gives the detailed description of
various items of work laying down the quantities and qualities of
materials, their proportions, the method of preparation and
execution of work.

7. Rates:
The rates of per items of
work, the rates of
various materials to be
used in the construction
and the wages of
different categories of
labour, mason etc.
These rates may be
obtained from P.W.D
Schedule rate book.

8. Measurements of Materials and Works
S.No. Particular of
Item
Units of
Measurement
Units of
Payment
1 Earthwork cum Per % cum
2 D.P.C Sq.m Per sq.m
3 Brickwork cum Per cum
4 Steel work quintel Per quintal
5 Concrete cum Per cum
6 Plastering &
finishing
Sq.m Per sq.m
7 Flooring Sq.m Per sq.m

9. Valuation…??
Valuation is the technique of estimating or determining the fair price
or value of property such as building, a factory, other engineering
structures of various types, land etc.
By valuation the present value of a property is determined.
The present value of a property may be decided by its selling price,
or income or rent it may fetch.
The value of property depends on its structure,life,maintenance,
location,legal control,etc .

10. Purpose of Valuation..
 Buying or Selling Property
 Taxation
 Rent Fixation
 Security of Loans
 Compulsory Acquisition

11. Basic definations of Valuation
•Gross Income: It is the total income and includes all the
receipts from various sources of outgoings.
•Net Income: This is the saving or the amounts left after
deducting all outgoings from the gross income.
Net Income = Gross Income – outgoings
•Outgoings: In the forms of Taxes, Repairs, Management and
collection charges, Sinking fund, Miscellaneous.
•Scrap Value: Value of dismantled materials.
•Capital Cost: Total cost of construction including land.

12. Contact on facebook - https://www.facebook.com/amn.kmr352