What is an approximate estimate how it is prepared?

The approximate estimate is prepared from the practical knowledge and cost of similar works. The estimate is accompanied by a report duly explaining necessity and utility of the project and with a site or layout plan. A percentage 5 to 10\% is allowed for contingencies.

What is difference between estimate and approximate?

As verbs the difference between estimate and approximate is that estimate is to calculate roughly, often from imperfect data while approximate is to carry or advance near; to cause to approach.

What is approximate estimate explain different methods of approximate estimates?

Estimate method: It gives the approximate cost of the work and is prepared on the basis of the cost of similar works carried out in the past. Approximate estimate is preliminary or rough estimate. Such approximate estimates are prepared using different methods for different types of works.

Which method is used for approximate estimation?

Explanation: There are various methods used for preparing approximate estimates. These are the plinth area method, unit base method and cubical contents method.

What is the purpose of approximate estimate?

Approximate estimate, also known as preliminary or rough estimate, helps to find out the approximate cost of a project in a very short time. Moreover, it enables the concerned authority to consider the financial aspect of the scheme to accord sanction to the same.

What is approximate estimate in civil engineering?

An approximate estimate is an approximate or rough estimate prepared to obtain an approximate cost in a short time. For certain purposes the use of such methods is justified. Then the total cost for the item is found by multiplying the cost per unit quantity by the number of units.

What is approximate estimate used for?

How do I approximate?

What is approximation?

1. To approximate to the nearest ten, look at the digit in the tens column.
2. To approximate to the nearest hundred, look at the digit in the hundreds column.
3. For the nearest thousand, look at the digit in the thousands column.