Construction Estimates are a calculation of the quantities of various trade items or work, and their expenses that are likely to be incurred. The estimated cost of these works is a close approximation of their actual costs. The agreement of the estimated cost with the actual cost will depend on the accurate use of estimating methods and correct visualization of the work, as it will be intended. Therefore correct estimating is vital to the success of a project.
Denary utilises vast experience in the Quantity Surveying industry to provide detailed estimates using the latest computerised measuring and estimating technologies available.
Types Of Construction Estimates:
Feasibility Estimates provide an approximation of the cost of a particular project. They are prepared for budgeting and planning purposes only and therefore the estimate is not detailed and accurate enough to provide a basis for a firm costing.
Denary can prepare Feasibility Estimates based on concept sketches or design to allow the Client to determine if a project is profitable without spending high frontend costs in the preparation of detailed design and documentation prior to construction.
Budget Cost Estimate
A Budget Estimate is undertaken at the beginning of the design process and allows the owner to know up front what the project in likely to cost to complete. Budget estimates are prepared based on preliminary designs and documentation. Once the Budget Estimate is prepared the owner can then proceed with the Development Application (DA), detailed design and documentation.
Pre-tender Cost Estimate
Is a detailed estimate of the cost of a project that is undertaken when the scope of work is clearly defined and the detailed design is nearing completion so that the elements of the building are designed and detailed. It is prepared by determining the quantities and costs of all the work that a contractor is required to do for the acceptable completion of the work. It is the best and most reliable form of estimate and can be used in the Tender process.