Fine View Builders

House Construction Procedure

Every project goes through five stages, i.e., initiation, planning, ex*****on, monitoring-controlling, and closing. The construction project of a house also goes through the same five stages.

The five stages of a construction project are categorized under three heads, i.e., pre-construction, construction, and post-construction. The pre-construction stage involves conceptualization, designing, planning, contractor finalization, financing, etc.

The construction phase involves procurement of raw materials, work ex*****on, quality checking, etc. The post-construction activities deal with the project closing and handing over for its use.

Project Comparison Estimates

Project comparison estimates are prepared by comparing the cost of a proposed project to a completed project. When preparing an estimate using this method, the estimator
starts with the costs of a comparable project and then makes adjustments for differences in the project. For example, an estimate for the buildings in an apartment project may be
prepared from a project built using the same plans during the previous year in a nearby city. In this example, the prices from the completed project need to be adjusted for inflation, changes in the availability and cost of labour, changes in the plans made to meet city codes, and so forth. In most
cases, the site should be estimated using another method because of the many differences in site conditions. As with
other estimating methods that do not prepare a detailed list of materials, care must be taken to ensure that the proposed project is similar to the completed project.