What do you mean by abstract estimate? – InterviewSolution

InterviewSolution

1.	What do you mean by abstract estimate?
Answer» Detailed Estimate:It is ACTUALLY the accurate estimate which is prepared using QUANTITIES of the every items of the work, Also they are mostly prepared by work wise .The main purpose of this estimate is the preparation of technical sanctions like the contract arranging as well as the project EXECUTION .Abstract Estimate:It is actually last thing or method to do in the completion of detailed estimate .All the rates as well as the quantities of the of every type of work item is made in the abstract form in this.

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