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project cost estimation example pdf

��� ��3o��F��P�^�! direct and indirect project costs, overhead, contingency, profit, and other owner costs are addressed as they relate to responsible cost estimating. �k�͂0����W�������G����r�ׇ;����i�Ή3�����d�ʋ0�����c�ʍ1�����f�Ώ6����n�֑?����z��M��� �����_�ɖ4��� ��� V\d1t�hC�O��ׁ}�~sea�86�Y&��v�ǟ�� ���tndy� #�t��Jf'�%�33�w�?U�f��� �k '��y�M�����u��!�� S�Y����'���'�[;�O[���S��qs�u������^/����C[/�������`����nP���:������^�3�kS���M,6^�̓-�����ArJ)�3�p���%�u7n�+`�S3��p����&�q����;4��z��{"�����&�xK��8F����z�j�o���˿�,�S (Refer to Appendix B of the Cost Reporting Guide for the Fund’s version of the Project Estimate Summary Sheet for New Buildings.) ��� ����Hy��(b��T� �!�#%$O%{&�'�(�*+1,S-p.�/�0�1�2�45"6:7M8c9t:�;��?�@�A�B�C�D�E�F�G�H�I�J�K�L�M�N�O�P�R STUV"W'X.Y3Z8[>\E]H^G_@`8a0b'cde ff�g�h�i�j�k�l�m�n�o�pxqFr r�s�tlu8vv�w�x�y]z6{{�|�}�~�h�U�W�a�m�v��������������Ǎюݏ�� ��!�2�A�S�f�v�����������̠֡����� Whether for a commercial building or residential construction, contractors and builders create a work estimate of the cost the company will require to tackle for the project's execution. Delivering projects on-budget will always be a key success factor for a Project Manager. ` Cost estimates prepared within the last six months prior to board approval are considered acceptable and relevant measurements of the costs of the project. cost of electricity, Internet, rent and office supplies. Purpose: 1. 877 << /ProcSet [ /PDF /Text /ImageB /ImageC /ImageI ] /ColorSpace << /Cs1 7 0 R It includes not only material and labor costs, but also equipment, tools, management and overhead.. Qualified AE with track record of design to budget is selected 6. � ft 2. B – The footnote indicates the price basis of the cost estimates. >> >> The term “project cost estimate,” as used during the project development process, includes all direct capital outlay costs, including right of way, structures, and landscaping, but does not normally include indirect capital outlay support costs. Estimate costs process in project management is the practice of estimation of the monetary resources required to complete tasks and project activities. Other examples might include estimating the cost per unit to print and bind a book or to build an electronic device. Popular Estimating Misconceptions Not only do customers (and sadly, some in the profession) oversimplify an estimate… endobj If you’ve got the data, and … Clear identification of tasks 2. portion of the estimate. A cost estimate at a given stage of project development represents a prediction provided by the cost engineer or estimator on the basis of available data. Easily Editable & Printable. [""�#�$F% �����z���p���g���_���X���Q���K���F���Aǿ�=ȼ�:ɹ�8ʷ�6˶�5̵�5͵�6ζ�7ϸ�9к�܊�ݖ�ޢ�)߯�6��D���S���c���s���� ����2��F���[���p������(��@���X���r������4���P���m��������8���W���w����)���K���m��para ff � Y � By using our site, you agree to our collection of information through the use of cookies. So they can suggest valuable insight based on their experience. }�O/{�y�,u��4�� ��k_\�@�L��W0ȡc!���ܞB�O� �m�S����Y��b^�YGv,;C H�S����Q���Hp�hX�� �"9Qi������*C\u����� & @ Z t � � � � �.Id���� %A^z���� &Ca~����1Om����&Ed����#Cc����'Ij����4Vx���&Il����Ae����@e���� Ek���*Qw���;c���*R{���Gp���@j���>i��� A l � � �! project costs, regardless of financier. Construction estimating is the process of calculating the total expected cost of a building project. Good project management skills 5. Rehabilitation . Project costing is the total estimated cost of any project created to allocate a project budget to the project manager and their team. To learn more, view our, Effect of Configuration of building Subjected to Seismic Load and Design of RCC Framed Structure by, Computer aided analysis and design of multi- storeyed buildings A Project Submitted In Partial Fulfilment of the Requirements For the Degree of Bachelor of Technology In Civil Engineering, Computer aided analysis and design of multi- storeyed buildings, PLANNING, ANALYSIS & DESIGN OF A FOUR-STORED RESIDENTIAL BUILDING BY USING STAAD PRO..pdf. # ( - 2 6 ; @ E J O T Y ^ c h m r w | � � � � � � � � � � � � � � � � � � � � � � � � � %+28>ELRY`gnu|����������������&/8AKT]gqz������������ !-8COZfr~���������� -;HUcq~��������� +:IXgw��������'7HYj{�������+=Oat�������2FZn������� % : O d y � � � � � � To browse and the wider internet faster and more securely, please take a few seconds to upgrade your browser. � j = in a mathematical model to estimate project costs •Example: cost per line of code based on difficulty, talent, and size •Most reliable when model has empirical input for parameters •Downside: can be more inaccurate than other models if executed incorrectly (lack of experience) •COCOMO II is a well-known example of a parametric model for The simplest labor cost can be obtained by multiplying the project’s effort estimate (in hours) by a general labor rate ($ per hour). NASA Cost Estimating Handbook Version 4.0 Appendix C Cost Estimating Methodologies C-2 February 2015 Figure C-1 shows the three basic cost estimating methods that can be used during a NASA project’s life cycle: analogy, parametric, and engineering build-up (also called “grassroots”), as well as extrapolation A construction project taken up by a company includes several expenses that need consideration. Sorry, preview is currently unavailable. ;59 C o l o r L C D L C D - f a r v e s k � r mtext Copyright Apple, Inc., 2012 XYZ �R �XYZ r� ;� �XYZ ^� �� �XYZ %D � �bcurv This process uses almost the same tools as expert judgment, analogous estimating, three-point estimating as in the estimate activity duration process. Parametric Estimation. � `�o� / � �b�=�"���o�g�h�p�~ (?�@�A�BUC(C�D�E�F�G~HiIVJIKAL>M8N=OAPHQQRXSbToUV�W�X�Y�Z�\]0^T_}`�a�cd4ekf�g�ijUk�l�noWp�q�s9t�u�wHx�z{}|�~ZɁB���9�҇w�)�ߌ��q�M�5�"� ��#�1�D�n����g��n����=�Ϲc���T���ŏ�ʙ�=��ҰՅ�m�\�2���u���R�����������h�/�����g�� # ; T o � � � � �8Vu����:]����It���0c��@{��:}�Q��4�� * � � 2 Project Assignment Template is available to help you get cost estimates for various elements of the project easily even if you do not have any prior experience in this. The Estimate Costs process in the Project Cost Management knowledge area is critical to delivering a project on-budget. The whole project is based on the cost estimation and after estimating the cost of project you may make changes in the already formed project. USSD Committee on Construction and Rehabilitation Daniel L. Johnson, Chair Samuel M. Planck, Vice Chair project: Salaries, cost of hardware & software purchased specifically for the project Indirect costs are costs that are not directly related to the deliverable of the project, but are indirectly related to performing the project, e.g. %�&�'o(D))�*�+�,�-�.�/�0�1�2�45678%9+:3;7<<=B>C? A project budget is a detailed, time-phased estimate of all resource costs for your project. intervals around a regression based Cost Estimating Relationship. ?a?�?�@#@d@�@�A)AjA�A�B0BrB�B�C:C}C�DDGD�D�EEUE�E�F"FgF�F�G5G{G�HHKH�H�IIcI�I�J7J}J�KKSK�K�L*LrL�MMJM�M�N%NnN�O OIO�O�P'PqP�QQPQ�Q�R1R|R�SS_S�S�TBT�T�U(UuU�VV\V�V�WDW�W�X/X}X�YYiY�ZZVZ�Z�[E[�[�\5\�\�]']x]�^^l^�__a_�``W`�`�aOa�a�bIb�b�cCc�c�d@d�d�e=e�e�f=f�f�g=g�g�h?h�h�iCi�i�jHj�j�kOk�k�lWl�mm`m�nnkn�ooxo�p+p�p�q:q�q�rKr�ss]s�ttpt�u(u�u�v>v�v�wVw�xxnx�y*y�y�zFz�{{c{�|!|�|�}A}�~~b~�#��G��� Analogous estimating. Available in A4 & US Letter Sizes. Bottom-Up Estimating. �)�L�q�������=�j���Ƴ��(�\������� �C�d����������������ƾDZȢɏ�{�g�U�B�,�����ѵҐ�k�D�����ײؒ�t�Z�C�/�� The estimation of private costs is the focus of the cost estimation procedures and data in this Manual. Estimates should never be 4 0 obj But there are more misconceptions . stream endstream ]@aAcBfCmDxE�F�G�H�I�J�K�M N(OEPeQ�R�S�T�VW:X`Y�Z�[�]^P_�`�bcKd�e�g,h{i�klAmvn�o�q!rZs�t�vwPx�y�{|M}�~̀�X����D��� �p��b��n����W��ϙ��i�B���Ѥ��������ծ��4�X�w�����¿�����������%�*�.�3�4�>�B�I�R�Z�T�7�����B���t���s���P����p��� �v���� 2 N m � � � �?e���2]���>p�� E��8y�J��,{�w� 5 � � Any renovation to an existing building or space is to be included in this portion of the estimate. This Event Cost Analysis Examples also helps the company to realize whether the project undertaken is an efficient one or not. Table 8: Three Cost Estimating Methods Compared 103 Table 9: An Example of the Analogy Cost Estimating Method 104 Table 10: An Example of the Engineering Build-Up Cost Estimating Method 108 Table 11: An Example of the Parametric Cost Estimating Method 111 Table 12: Ranges of Cost … In bottom-up estimating, a larger project is broken down into a number of smaller components. uses cookies to personalize content, tailor ads and improve the user experience. set of principles which act as a foundation for identifying and calculating right project expenses Sample Project July 9, 2012 Jim Smith Estimate Smith Construction 123 Main St Anywhere, CA 12345 Office (800)555-0199 Project Sample Project 930 LaVergne Ln La Vergne, TN 37086 Customer John Doe Sample Company 930 LaVergne Ln La Vergne, TN 37086 Office (800)555-0199 Mobile (800)555-0199 Fax (800)555-0199 Provisions for program uncert… �'�N�}�R��G� �! (q(�(�))8)k)�)�**5*h*�*�++6+i+�+�,,9,n,�,�--A-v-�-�..L.�.�.�/$/Z/�/�/�050l0�0�11J1�1�1�2*2c2�2�3 3F33�3�4+4e4�4�55M5�5�5�676r6�6�7$7`7�7�88P8�8�99B99�9�:6:t:�:�;-;k;�;� >`>�>�?! #8#f#�#�#�$$M$|$�$�% %8%h%�%�%�&'&W&�&�&�''I'z'�'�( (? 8 2acspAPPL �� �-appl desc P bdscm � �cprt l $wtpt � rXYZ � gXYZ � bXYZ � rTRC � aarg � vcgt ndin >chad ` ,mmod � (bTRC � gTRC � aabg � aagg � desc Display mluc skSK xcaES �heIL �ptBR �itIT �huHU �ukUA �koKR nbNO $csCZ 6zhTW LdeDE XroRO hsvSE zzhCN LjaJP �ar �elGR " �ptPT �nlNL �frFR �esES hthTH trTR fiFI 0hrHR @plPL TruRU $ fenUS �daDK � F a r e b n � L C D L C D e n c o l o r L C D ������ L C D C o l o r i d o L C D c o l o r i S z � n e s L C D>;L>@>289 L C D��� L C D F a r g e - L C D B a r e v n � L C D_i�r L C D F a r b - L C D L C D c o l o r F � r g - L C D0�0�0� L C D L C D EDHF)������� ����� L C D L C D a C o r e s K l e u r e n - L C D L C D c o u l e u r L C D *5 R e n k l i L C D V � r i - L C D L C D u b o j i K o l o r L C D&25B=>9 -48A? �Gō����5�_ˌ̼���)�aѠ����\֜����Xۡ���Y���\������ �t�������o���� ndin 6 � V� N� �o %L U P T9 u� � �� 2 I b z � � � � �3Ok�����>_����4\���1_���&Z��>z��7x��E�� " q � On occasion, you may even revise your approved budget while your project … You typically develop a budget in stages — from an initial rough estimate to a detailed estimate to a completed, approved project budget. 3 Pre-Contract Estimates And Cost Plans Particular attention shall be paid to any special site restrictions or requirements involved in the project when using historical unit cost data. h . However, this example Project Cost Estimator template will work on Excel 2003,2007,2010 and 2013. Put another way, the United States Government Accountability Officedefines cost estimation as “the summation of individual cost elements, using established methods and valid data, to estimate the future costs of a program, based on what is known today.” It further defines the basic characteristics of credible cost estimation as including: 1. Using data and variables to calculate the total. Availability of valid data 4. Here is the sample Project Cost Estimate excel template prepared using Excel 2013. Project cost estimating templates contain all the required details about the project historical data, chart of accounts, risks, duration of activities, resources and unit rates of resources. Cost estimates, for ADB purposes, should be prepared using a commercially available spreadsheet package. ���� JFIF ���ICC_PROFILE �appl mntrRGB XYZ � stream A Project Report On DESIGN, PLANNING AND COST ESTIMATION OF A G+4 RESIDENTIAL BUILDING Submitted to AMITY UNIVERSITY, UTTAR PRADESH In partial fulfilment of the requirements for the award of the degree of BACHELOR OF TECHNOLOGY In CIVIL ENGINEERING By AAQUIB RASUL MAZUMDAR MAYANK JINDAL Under the guidance of Ms. RUCHI TAH TRIPATHI … Ranking alternatives 2. A cost estimate establishes the base line of the project cost at different stages of development of the project. ��S - ��������(@Rew�� �!�"�#�$�%�&�'�(�* +,,�-�.�/�0�1�2�3�4u5^6F7+88�9�:�;�>�?�@�AB_C?DEE�F�G�H�IrJUK;LM M�N�O�P�QfRNS;T$UU�V�W�X�YXZ*Z�[�\�]i^:__�`�a�bec*c�d�eYff�g�hyiMj%kk�l�m�ntoNp'p�q�r�sStt�u�v]w w�x�ycz%z�{�|g}'}�~�s�N�0����ڄ������l�P�2����֌����o�Q�5�������זԗԘՙٚ������� ��?�n���Φ�4�g���ɫ��6�P�d�t���������ַ� ��"�4�I�b������� • Doing cost estimates in the real world you will have to use equipment tables, average work rates, labor cost rates, call vendors for equipment costs, etc. This ����������������������������4�r������������W���� Ve�4��F����>�� 8 � x�UKs�0��W�Q�!�,ٖ� (�H����K�ɣuR��Y~�J�#�N�W�}|���]�-�1URt��MI35W:���(N U|�4%�i*��(�x!�7����*�Y���F����W����4�d�^IR�^6Nm�UN]�cDߨ~�&C0����?���s����"1�K�/p�7�çr�8��;�pdSK�M(MM7�X�MU�WjրPv����H?N���[��~��=�^|�7���W}�����>6�J� The cost estimate should identify those principal cost components needed to support effective project management (including monitoring of costs and physical progress during implementation). endobj << /Length 5 0 R /Filter /FlateDecode >> 3. As a check on more detailed estimates Example of Preliminary Estimates Parking Garage $15.0/sq. Multiply the overhead and Profit to the total cost 9. The project manager then estimates costs specifically for each of these smaller work packages. You can also take their advice on various tools and techniques that can be used to estimate similar kind of project. Quickly Customize. � a. terms, a construction estimate is simply a projection of the likely cost of a project based on an assumption of scope and cost data. 2d�U��|��F����2�;�x�y��p����/ƜU :T �@�����5�i�}44@4E!_o`��X}�H� Project cost estimates should be as accurate as possible. You can download the paper by clicking the button above. 6 0 obj . ft or $4500/parking space High School $80 to 110/sq. 20+ FREE ESTIMATE Templates - Download Now Adobe PDF, Microsoft Word (DOC), Microsoft Excel (XLS), Google Docs, Apple (MAC) Pages, Google Sheets (SPREADSHEETS), Apple Numbers �B�(� � �3�U��"�^��C��?��O�}>��L �!�"�#o$Z%I&='8(8)6*9+=,>-=.^/�0�23.4T5w6�7�8�9�;�@AmB�D:E�GH�JK�MN�P.Q�SGT�VWtX�Z^�_�aqb�dpe�g�ij�l2m�o7p�r3s�u,v�xy�z�|o}�O�Ȃ���5���>���,���*���l�į�M����̲�D���q� Ԩ�A��ك�'���V���d���>����'�Z�{�����s�U�/�����\������J�����Q�����M�����;������ sf32 B ����&. /C0�1�34C5�6�7�9+:Z;�F)GIHfIJ�K�L�M�N�O�QR2SUTxU�V�W�X�Z[e$f9gJhUi`jjkplzm�n�o�p�q�r�s|tsujv`wRxCy3zz�{�|�}n~F!� ��ɂ��������y�s�n�k�o����:���Ғ�Y���җ�9�f�����ޞ�'�N�v�������+�N�p�����έ� �&�@�[�u�����Ʒ����5�M�a�t������®ú����������������̲͚�~�^�;�����ә�n�@���׮�s�4��گ�f���݁�2��ߖ�K���v�7� ����`�(����q�.����Y� ���p�#����i�:�������������?�s�����%�� �W�v�L�B�c�f'� � Analogous estimating refers to the use of observed cost figures and related … Congratulations…You have the total project cost now. vcgt + �)v�A� �#�@��I� � labor rates ($ per hour). Standardized structures for the estimates 5. These expenses affect the number of monetary resources that will for the project investments. C – Base cost estimates are presented by component or output. �L�y� O �2�"��&�2�4�@�U�s�/�c�E��9��Q �!�"M##�$�%u&E''�(�)�*�+c,I-8.L/o0�1�2�3�5697\89�:�;�=>B? Class A Construction Cost Estimate PROJECT COST SUMMARY APR Month 2.00% 3.00% 8.50% 10.00% 15.00% 3.60% 32 s Bid Item: 1 Replace Pit Toilets with New Comfort Station $ 46,000.00 Foundations $ 30,028 33,082 $ 7,293 70,403 Basement Construction $ - � T Cost estimating is one of the most important steps in project management. SLIM is a software tool with different parametric estimating solutions, which can be calibrated and configured by project managers for different type of projects, for example… Often, a software development project manager will only estimate the labor cost and identify any additional project costs not considered “overhead” by the organization. 10 0 obj Broad participation in preparing estimates 3. Project Cost Estimator will help you and your client to understand team efforts.And project cost for client to deliver and manage the project. Instantly Download Project Cost Estimate Template, Sample & Example in PDF, Microsoft Word (DOC), Microsoft Excel (XLS), Google Docs, Apple Pages, Google Sheets, Apple Numbers Format. 2 0 obj << /Type /Page /Parent 3 0 R /Resources 6 0 R /Contents 4 0 R /MediaBox [0 0 612 792] "e#�%&X'�(�*8+|,�. In this article, examples of Analogous Estimating, Resource Cost Rates, and Bottom-up Estimating are provided. The experts are the people who have prior knowledge on similar kind of projects. Program of Requirements (POR) is well written (Building program) 2. Cost estimates are accurate, Schedule is realistic 3. Risk factors are recognized and successfully assessed 4. true /ColorSpace 14 0 R /BitsPerComponent 8 /Filter /DCTDecode >> It will compare the effects of using just input uncertainty, just model uncertainty, and both input and model uncertainty on the final results of the model. ' Enter the email address you signed up with and we'll email you a reset link. 5�j8���ݓ��qY��t�&���l���*��@i�}���_Qϸ���4���g9�����cH"'4.Ll�*�P�A'���!? Both EPA and OMB have developed guidance on methods appropriate for use in estimating social costs for regulatory impact analysis or economic impact analysis where the social costs of government interventions are assessed. Evaluate economics and financial feasibility 3. Given below are 12+ project costing examples … 2 Figure 1. >> � 8. These estimates are used to acquire construction contracts, determine project feasibility and set budgets for financial planning purposes. Examples of Work Breakdown Structures for various sized projects are also presented. !H!u!�!�!�"'"U"�"�"�# >> /Font << /TT1.0 8 0 R /TT2.0 9 0 R >> /XObject << /Im1 10 0 R /Im2 12 0 R %��������� %PDF-1.3 This is a key concept for your PMP preparation. << /Length 11 0 R /Type /XObject /Subtype /Image /Width 800 /Height 689 /Interpolate �u���L���$�����h�՛B��������d�Ҟ@��������i�ءG���&����v��V�ǥ8��������n��R�ĩ7�������u��\�ЭD���-������ �u��`�ֲK�³8���%�������y��h��Y�ѹJ�º;���.���!������ � Project Cost and Budget Management 6 Hamid Omidvar, 9.2008 1. ft or $40,000/ student seat Medical Centers $90 to 130/sq. While estimating the project cost, the first step is to take the comments from the experts. 3. no longer supports Internet Explorer. endobj 5 0 obj endobj

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