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What is construction estimating, and why is it important?

Construction estimating refers to the calculation of project cost of any construction project prior to its commencement. It comprises materials, labours, equipment, permits and other costs. Proper estimations ensure that the builders stick to the budget and do not end up in financial surprises. Good estimation also assists the clients to have informed choices and to manage their funds. Budget projects can be exceeded and projects delayed without the correct estimating. It is among the first and the crucial ones in organization of a construction job.

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