Estimation Costing and Valuation Engineering

CE3701

ESTIMATION, COSTING AND VALUATION ENGINEERING

COURSE OBJECTIVE:

• The students will acquire knowledge in estimation, tender practices, contract procedures, and valuation and will be able to prepare estimates, call for tenders and execute works.

UNIT I

QUANTITY ESTIMATION

Philosophy - Purpose - Methods of estimation - Centre line method - Long and short wall method - Types of estimates - Approximate estimates - Detailed estimate - Estimation of quantities for buildings, bituminous and cement concrete roads, septic tank, soak pit, retaining walls - Culverts (additional practice in class room using computer softwares- qE Pro)

UNIT II

RATE ANALYSIS AND COSTING

Standard Data - Observed Data - Schedule of rates - Market rates - Materials and Labour - Standard Data for Man Hours and Machineries for common civil works - Rate Analysis for all Building works, canals, and Roads - Cost Estimates (additional practice in class room using Computer softwares) (Analysis of rates for the item of work asked, the data regarding labour, rates of material and rates of labour to be given in the Examination Question Paper)

UNIT III

SPECIFICATIONS, REPORTS AND TENDERS

Specifications Detailed and general specifications - Constructions - Sources Types of specifications - Principles for report preparation - report on estimate of residential building - Culvert - Roads - TTT Act 2000- Tender notices - types - tender procedures - Drafting model tenders, E-tendering- e NOI - e NOT -Digital signature certificates - Encrypting -Decrypting - Reverse auctions.

UNIT IV

CONTRACTS

Contract Types of contracts - BOT - Types - Formation of contract - Contract conditions - - Types - Format Contract for labour, material, design, construction - Drafting of contract documents based on IBRD / MORTH Standard bidding documents - Construction contracts - Contract problems - Arbitration ,litigation and legal requirements.

UNIT V

VALUATION

Definitions - Various types of valuations - Valuation methods - Necessity -Year's purchase-sinking fund- Capitalised value - Depreciation - Escalation - Valuation of land - Buildings - Calculation of Standard rent - Mortgage Lease Types of lease

TOTAL: 45 PERIODS

COURSE OUTCOMES:

The student will be able to

CO1 Gain knowledge on types of contracts.

CO2 Understand types of specifications, principles for report preparation, tender notices types.

CO3 Rate Analysis for all Building works, canals, and Roads and Cost Estimate.

CO4 Estimate the quantities for buildings.

CO5 Evaluate valuation for building and land.

TEXTBOOKS:

1. B.N Dutta 'Estimating and Costing in Civil Engineering', CBS Publishers & Distributors (P) Ltd, Twenty eighth revised edition, 2020.

2. B.S.Patil, 'Civil Engineering Contracts and Estimates', 7th edition, University Press, 2015

3. D.N. Banerjee, 'Principles and Practices of Valuation', V Edition, Eastern Law House, 2015

REFERENCES:

1. Hand Book of Consolidated Data - 8/2000, Vol.1, TNPWD

2. Tamil Nadu Transparencies in Tenders Act, 1998 and rules 2000

3. Arbitration and Conciliation Act, 1996

4. Standard Bid Evaluation Form, Procurement of Good or Works, The World Bank, April 1996 

5. Standard Data Book for Analysis and Rates, IRC, New Delhi, 2019