summarisation

The final step in the estimating process is the summarisation or preparation of an  abstract estimate. This process involves the application of unit prices arrived to the measured quantities. The following example illustrates this process :

Let us consider a small project consisting of seven items of work. The description of the.&even items of work are tabulated below along with the total quantities of each item, as measured from relevant drawings, following the procedure.The rates are the above mentioned seven items of work are arrived at as explained . Let us assume that the rates respectively are as follows :

Now, finally the summarisation or preparation of abstract estimate above mentioned work can be carried out in following manner :

To this total cost, the required overheads and profit margins are to be added.In a similar manner, abstracts showing total cost of work can be prepared for works containing any number of items.