Detailed Estimate for The Proposed New Construction of Residential Building
Detailed estimating, sometimes referred to as “Prime Cost”, “Bottoms Up” or “Grass Roots” estimating requires a thorough and detailed analysis of all the tasks required to deliver a project or product. A “good” estimate maximizes the return on this investment by obtaining the highest value at the lowest cost. The estimate can be developed using a combination of estimating methods. An estimate is a calculation of the quantities of various items of work, and the expenses likely to be incurred thereon. The total of these probable expenses to be incurred on the work is known as the estimated cost of the work.
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