Question
Download Solution PDFConsider the following statements with respect to cubical content method.
I. This is a preliminary estimate.
II. This is an approximate estimate.
Which of the following options is true?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
Approximate estimate:
- A preliminary or approximate estimate is required for studies of various aspects of the work of the project and for its administrative approval.
- It can decide, in the case of commercial projects, whether the net income earned justify the amount invested or not.
- The estimate is accompanied by a report duly explaining the necessity and utility of the project and with a site or layout plan.
Following are the methods of approximate estimates:
- Plinth area method
- Cubical contents methods.
- Unit base method
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