Estimate of a Construction Project

Purpose of an Estimate 

Before the construction of structures is taken up all those concerned with it want to known the cost of the work involved. The owner/user wants to know the cost

1. to provide necessary funds, and 
2. to compare the offers given by tenders, if the owner intends to entrust the work to a contractor. He intends to select the most competitive as he is interested in constructing the structure at the lowest price. 

A contractor is interested in the project estimates to ensure that

1. he can earn a reasonable profit, and 
2. he can organise various resources to complete the construction. 

The consultant and/or architect also have interest in the estimates of cost to

1. charge appropriate consultation fee to the client, 
2. assist the client in selecting the contractors.