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ECONOMICS ADVANCE NOTES
| Institution | UNIVERSITY |
| Course | CPA CS CCP CIFA |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Rose Oloo |
| File Type | |
| Pages | 265 Pages |
| File Size | 2.52 MB |
| Views | 4602 |
| Downloads | 0 |
| Price: |
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Description
This paper is intended to equip the candidate with knowledge, skills and attitudes that will
enable him/her to apply the fundamental principles of economics in decision making.
Below is the document preview.
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Estimating and Costing Module 3
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For all engineering works it is required to know beforehand the probable cost of construction known as estimated cost. If the estimated cost is greater than the money available then attempts are made to reduce the cost by reducing the work or by changing the specifications. In preparing the estimate, the quantities of different items are calculated by simple maturation method and from these quantities the cost
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Estimating and Costing I
It is a bill of quantities that is organized according to trades in the order in which they appear in the building and a sum of it given. It is also called sectional bills of quantities because work is divided into sections in which they appear in the construction project such as excavation works, roofing, concreting, etc.
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Cost incurred on site, factors, situations, and items that affect the cost of a project and are temporary in nature but assist in the smooth running of the project. They include hoarding, security, power, and water. They affect the overall cost of the works but cannot be attributed to any particular section of the works.
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