Types and Methods of Rough cost estimate

Types of Rough cost estimate

Rough cost estimates are of the following types.

1. Preliminary/approximate/rough cost estimate
2. plinth area estimate
3. cube rate estimate
4. approximate quantity method estimate

Preliminary/approximate/rough cost estimate

Estimate of cost before the construction, from the line planes of architectural drawings when detail and structural drawings are not prepared.

Objective of rough cost estimate

These estimates are used for obtaining administrative approval from the concerning authority.

Method

Average unit cost is worked out for projects of similar nature like the project under consideration. In this method average unit cost is multiplied by total quantity of present work in the same unit.

Average unit cost like:

1. building cost per person
2. hospital cost per bed
3. student hostel cost per student
4. hostels cost per person

Plinth area method

Covered area by building is worked out and unit obtained is square feet. For cost per square feet of the covered area, plinth area method is usually used. This method is practical and usual method of obtaining rough cost estimate.

Cube rate estimate

In cube rate estimate, third dimension height is also considered. Height is multiplied with the covered area. Cube rate is established in this method.

The covered area is first calculated and then multiplied with the ceiling height. For each floor level, different cube rate estimate is obtained.