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a) Describe a method which can be used to check that the labour component estimated to
complete a project is as accurate as possible prior to submitting a tender.
b) State SIX elements of a detailed estimate to price a tender or contract bid.
c) Explain why preliminary estimates are prepared as part of the design process of a
building project.
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a) By keeping a work diary to record how long different jobs take. You can only estimate the time it will take to do a job by using personal experience of this kind of work and by knowing the work capabilities of your staff.
b) Cost of labour
Cost of materials
Time involved
The specifications for the work (whats included / not included etc.)
Terms and conditions
GST
c) This is an an early calculation of the cost for a project. This calculation is presented before the project has begun, its gives everyone an idea of the costs involved and helps with budgeting in every aspect of the project.