Difficulty: Easy
Correct Answer: All the above.
Explanation:
Introduction / Context:
Accurate estimates underpin budgeting, tendering, and cost control. Ignoring logistics or local labour markets can cause significant deviations between estimated and actual costs.
Given Data / Assumptions:
Concept / Approach:
A comprehensive estimate accounts for material quantities, their availability and lead times, transport distances and modes, and site-specific labour productivity and wage rates. These together determine item rates in the bill of quantities.
Step-by-Step Solution:
1) Quantify materials from drawings/specifications.2) Assess availability (local suppliers, seasonal constraints).3) Compute transport costs (quarry/plant to site), including handling and stacking.4) Apply local wage rates and productivity norms to labour components.
Verification / Alternative check:
Compare derived rates with schedule-of-rates and recent tender outcomes to validate.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
All the above..
Discussion & Comments