Objectives and Requirements of Estimates and Costs

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Objectives and Requirements of Estimates and Costs

To do any new work, it is necessary to have complete knowledge of the material and cost involved in it. For this, we must have the complete project for the work we are going to do. For this purpose, there is a map of that work, complete specification of the goods used in it and details with the price. Its need is necessary because we have full knowledge of how much money is required for the purpose we are going to start and there is no such material, which cannot be available to us after starting the work.

When we start doing any work without prior planning and estimate and cost, the work cannot proceed smoothly because the material has to be purchased from time to time as required. Due to lack of funds, the work is interrupted. Just have to stop. Therefore, before wiring any installation, its pre-planning should be made, and the material used in it and the cost should be known so that our work does not stop in the middle. In this way, we see that our work goes on smoothly and continuously through estimating and costing. After estimating any purpose and calculating the cost, we should buy the material used from the market, and a market survey is necessary to do this work. When the material is collected, the work should be completed under the supervision of an engineer or supervisor, or electrical contractor, who has the permission of the concerned State Government for the main electrical inspection.

Specification of Materials

To calculate the cost and estimate of an institution, it is necessary that the complete specification and cost of the material to be used in the installation is known. If we do not know the complete specification of any material, we may face difficulty purchasing the material from the market.

For example, many types of switches are used in electrical installation, such as one way switch five amps 250 volts, which are often used to control a point in household wiring. There are many other types of switches when Unless we tell the seller the name of a particular switch with full specification, we may have difficulty getting the switch of the correct specific.

Thus we see that we should know in advance the full specifics of each material required for installation.

Now you must know that the objectives and requirements of estimation and costing,

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