What percentage of the cost of the estimate is provided for the tools ...
Generally contractor has to arrange for tools and plants. So it is taken to be 1 to 1.5% of estimate cost.
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What percentage of the cost of the estimate is provided for the tools ...
Tools and Plants in Cost Estimate
In a cost estimate, tools and plants refer to the equipment needed to complete the construction project. These include machinery, vehicles, tools, and other materials necessary for the project.
Percentage of Cost Estimate for Tools and Plants
The percentage of the cost estimate for tools and plants varies depending on the type of project. However, in general, the percentage allocated for tools and plants is around 1.0% of the total cost estimate.
Reason for the Percentage Allocation
The reason for allocating around 1.0% of the cost estimate for tools and plants is that these items are essential for the successful completion of the project. Without the necessary equipment, the project cannot be completed efficiently and effectively.
Conclusion
In conclusion, the percentage of the cost estimate for tools and plants is around 1.0%. This allocation is necessary to ensure that the construction project is completed successfully and within the allocated budget.