Estimating, administrative approval, technical sanction, budget provision

Estimating & Costing, Administrative Approval, Technical Sanction, Budget Provision

1. ESTIMATING & COSTING Topic: Estimating & Costing and Administrative approval, Technical Sanction & Budget Provision Presented by: Ms. Ashwini A. Chaudhari Lecturer, Department of Civil Engineering, R. C. Patel Polytechnic, Shirpur

2. Introduction: Estimate is required to know the QUANTITY OF MATERIAL and COST OF WORK.

3. Estimating: It is defined as the process of working out the APPROXIMATE COST of a work. It is prepared by- Working out Quantities. Calculating the cost at suitable rates.

4. Costing: It is defined as the process of determining the ACTUAL COST of the work before starting the work. Costing is done by use of- Measurement sheets Abstract Sheets.

5. Purpose of Estimating: To know Approximate Cost . To know quantities of Materials & labors. For getting Technical Sanction. For inviting Tenders. To get Time of Completion.

6. Purpose of Costing: To know Actual Cost . To do Financial Planning . Alterations in plans can be done if costing goes beyond the capacity.

7. Administrative Approval: It is defined as the formal acceptance of a proposal by competent authority . It is prepared by Engineering Department.

8. Administrative Approval: Proposal Contains- Approximate Estimate and Preliminary Plans . Competent Authorities- PWD Minister, Chief Engineer, Superintending Engineer etc.

9. Technical Sanction: It is defined as the sanction of Detailed Estimate, Design calculations, Quantities of work, Rates and Costs of work by Competent Authority. After Tech. Sanction, construction work is started.

10. Technical Sanction powers: Authority Power Chief Engineer (CE) Full Powers Superintending Engineer (SE) Upto 1 Crore Executive Engineer (EE) Upto 30 Lakhs Assistant Executive Engineer (AEE) Upto 10 thousands

11. Budget Provision: A report is prepared in which total cost required for execution of project is mentioned. According to 5-years plan , finance is sanctioned after administrative approval of the project is Budget Provision.