Cost Estimation format for Billing and Budget Control at Construction Project

Cost Estimation format for Billing and Budget Control at Construction Project
After the finalization of budget for a project, work is awarded to a contractors on
Labour Rate
Labour + Plant and Machinery and,
Labour + Full Management of Activity.

It is important to verify the cost of any activity wont goes above the budget in all cases where material supplied by client or contractor brings his own materials for particular construction activity.

The below format of cost estimate will help you to track all activity cost is as per procurement budget and contracts budget.

What you need to do is add all the parameters and compare the difference.

This is a very helpful format to control cost and not get run out of budget during progress of construction project.

It covers all activity right from excavation till completion of project.

The format on cost estimate is attached below.
 

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  • Cost Estimate Format.xlsx
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archdevil

Royal Member
Thr abbrivatiins as follows
L means labour
Pm means plant and machinary
Fm. Means. Full managenent
Whenever a clent wishes ti hire a cintractor he may award the job on labour basid.this contract called as l+pm
In cass if the job awarded all inclusive it is is known as. L+fm

Hooe this clarifies all your qurries
 
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