What is Life cycle costing

Life cycle costing-Explain with a simple example Whole life cycle costing (in construction) is the process of evaluating and estimating the total costs involved for building a project from the design stage to disposable stage. The building life cycle can divide into four key steps.  Planing & Design stage Construction stage Operation stage (maintenance &Continue reading “What is Life cycle costing”

Construction cost calculation- Calculate unit price for Rate brake ups

Cost Estimation Construction cost calculation is not an easy task? Earlier estimators who worked in the industry estimated construction costs based on one assumptions. In those times subcontractng works are minimal. estimators estimates works only the company can carry out and complete a project with available resources( Labour, Material & plant). So at that time(earlierContinue reading “Construction cost calculation- Calculate unit price for Rate brake ups”