03-11-2014, 09:17 AM
Abstracts: Cost estimation of commercial project with high accuracy at the conceptual phase of project development is crucial for planning and feasibility studies. However, a number of difficulties arise when conducting cost estimation during the conceptual phase. Major problems faced are lack of preliminary information, lack of database of construction works cost, data missing less, lack of appropriate cost estimation methods, and the involvement of uncertainties. Cost estimation is an essential component of infrastructure project. Accurate estimation will assist project managers to choose adequate alternatives and to avoid misjudging of technical and economic solutions. The accuracy of cost estimation increases toward the end of the project due to detailed and precise information. The conceptual phase is the first phase of a project in which the need is examined, alternatives are assessed, the goals and objectives of the project are established and a sponsor is identified. Primus is the software for calculating estimation of the any type of building. There is much software available in market but out of that primus is one of the best software to estimation of building and also get quick result than manual calculation