What is a Preliminary Estimate?
An estimate of a preliminary nature is an estimation of early-stage project cost estimates, which are typically made before elaborate designs are completed. It provides a preliminary cost estimation based on the first project details, allowing users to determine the feasibility of their project and assign budgets.
Estimates are used to identify if a plan is feasible and give an estimate of the ballpark to help aid in making early decisions about planning.
A rough, low-detail estimate used at the early stage of a project when limited information is available. It helps with initial budgeting and feasibility decisions.
A complete and accurate estimate based on full project drawings and specifications. It is used for final budgeting, bidding, and construction planning.
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