BPLN-0613: Introduction of Detailed Project Report
BPLN-0613: Introduction of Detailed Project Report
BPLN-0613: Introduction of Detailed Project Report
Lecture – 2: Specifications
By
Gaurav Vaidya
Asst. Professor,
Dptt. of Planning, SPA Bhopal
Introduction
Specification
Valuation
Brief Specification
Detailed Specification
1. General provisions
2. Technical provisions
3. Standard provisions
Classifications of Specification
1. Open Specifications
Basic materials
True Competition
2. Restricted Specifications
Requirements of design
Quality products
3. Closed Specifications
Directives with drawings
Choice of owner/ client
Aspects to design of a specification
Clearness of requirements
Competent designer
Flexibility of selection
Product control
Sources of Specification
Contract drawings
Previous specifications
Standard specifications
Trade catalogues
Estimation
Objective:
Components of Estimation
1. Measurement (for calculation of quantity)
2. Abstract (for calculation of cost of work)
Costing
Types of Costs
Fixed Costs (FC) The costs which don't vary with changing output.
Variable Costs (VC) Costs which depend on the output produced.
Total Costs (TC) = Fixed + Variable Costs.
Marginal Costs – Marginal cost is the cost of producing an extra
unit.
Semi-Variable Cost- It refers to costs which are partly fixed and
partly variable.
Valuation
Rates of materials are usually taken as the rates delivered at the site
of work and which includes material cost, cost of road transport &
railway freight including applicable taxes.
Cost Index=(Pc/Pb) x Wt
Pc= Current cost at time of index computation
Pb= Base year cost of same material
Wt= Weightage for same material in the works
Need to Study by Planners
One should know the probable cost estimates before preparing any
plan