Main Components of Estimating| Costing | Learn As Topper

Now our next topic in the series of estimating and costing is what are the essential components of electrical estimating?

Do you know that an accurate cost construction is very mandatory to the success of an any project?
so without estimating and costing it will be difficult  to complete a work uninterruptedly because shortage of money and material may cause blockade at any stage.

before reading essential components first you have to about estimating and estimator.

ALSO READ:- FUNCTIONS OF ESTIMATOR

ESSENTIAL COMPONENTS OF ESTIMATING

COMPONENTS OF ELECTRICAL ESTIMATING

1. Electrical Schedule/Scheduling

2. Catalogues

3. Market Survey and source selection

4. Recording of estimates

5. Determination of required quantity of materials

6. Labour conditions

7. Determination of cost of material and labour

8. Contingencies

9. Overhead charges

10. Profit

11. Purchase system

12. Modes of tendering (Purchase modes)

13. Comparative statement (Evaluation of Tenders)

14. Purchase order

15. Payment of Bills

16. Tender forms


ALSO READ:- PURPOSES OF ESTIMATING AND COSTING

I hope your all doubts are now clear and for any query please comment below or contact us personally.