Fundamental of Estimating and Costing In this notification, we'll discuss about Estimating and Costing - Meaning, Purpose, Administrative Approval, Technical sanction and Budget Provision, Types & Uses of Estimating, Roles & Responsibility of Estimator Introduction to Estimating & Costing Estimating is the method of calculating or Computing of various quantities and the expected expenditure to be incurred for a particular work or project. Costing is the process of determining the cost of the proposed work or project. An estimate is prepared by working out the quantities and then calculating the cost at suitable rate. Purpose of Estimating Estimating gives an idea about the material which will be required for the construction. Estimating helps to get an idea about the time required for the completion of project. ...