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ESTIMATION AND VALUATION 10CV73 Dept. of Civil, ACE Page 1 1.INTRODUCTION DEFINITION OF ESTIMATING AND COSTING Estimating is the technique of calculating or Computing the various quantities and the expected Expenditure to be incurred on a particular work or project. In case the funds

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Mar 23, 2011· 30. S.no. Particular Estimating Costing 1 Nature of cost Probable cost Actual cost 2 Personnel High Technical knowledge Knowledge of accounts 3 Process duration Before the production Starts with issue of order Ends with product dispatched on sale 4 Organisation department Planning Department Accounting department.

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April 13th, 2019 - Estimation and Costing Valuation Download Valuation Valuation is the technique of estimating and determining the fair price or value of a property such as a building a factory or other engineering structures of various types land etc Six important Purposes of Valuation

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ESTIMATION AND COSTING (A70138)

1.3 REQUIREMENTS OF ESTIMATION AND COSTING 1. Estimate gives an idea of the cost of the work and hence its feasibility can be determined i.e. whether the project could be taken up with in the funds available or not. 2. Estimate gives an idea of time required for the completion of the work. 3.

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