Methods Of Approximate Estimating, Tendering Procedures, And Contractor Vetting

Three Methods of Approximate EstimatingApproximate estimates are done so as to determine the approximate cost of a structure, within a short term period just before commencing construction works. The estimate is made before final specifications can be selected and the project designed (Sears, 2015). Three methods of approximate estimate include;
Square/ Plinth Area method
This is an approximate estimate method where the price of a square met…