Elemental Cost Analaysis
- Used for similar previous projecrts as a basis for the estimate .
- THe cost is computed on a superficial or floor area basis but the overall superficial unit cost is broken down into elements and sub-elements .
- It is possible to make cost adjustment for variaitons in design in the new project as compare with the previous scheme .
- Necessaryh to update the costs to take into account of increased costs which have occurred since the tender date of the project for which costs analaysis is available .
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