Estimating in Construction Industry: ASMM5/6, Elemental and Trade Cost Management Tools

Running head: ESTIMATING
Estimating
Name of the Student:
Name of the University:
Authors Note:

1ESTIMATING
Table of Contents
Answer to question no. 1............................................................................................................1
Answer to question no. 2:...........................................................................................................3
Answer to Question 3.................................................................................................................5
Answer to Question 4.................................................................................................................7
Reference....................................................................................................................................9
Answer to question no. 1
What is relevance of the ASMM5/6 in preparing the Bill of Quantity?
The BQ that is the Bill of Quantities is claimed to be further misunderstood side in
the present day for the building construction. This is a document which is responsiblefor the
work itemising that occurs in a project of construction. It is comprised of both primary
utilisation which are Pre-contract that is the contractors are assisted by the BQ for the tender
formulation. In this section the contract works for tendering are distributed in a detailed,
formal and a structured manner (Open Science Collaboration 2015). Next is the Post-Contract

2ESTIMATING
that is the quantity surveyors and the contractor are assisted by the BQ for the evaluation of
the progress payment as well as the variations. A financial structure is provided by the BQ for
the administration of the contract. The preparation of the BQ happened due to numerous
methods of measurements. Among them one is the ASMM that is the Australian Standard
Method of Measurement of Building Works. This method is utilised commonly for the whole
measurement that is the ‘guaranteed’ BQ. As in Australia the formats and the contents of BQ
are generally based on the ASMM thus, it is relevant for the BQ.
Who is the ASMM 5/6 relevant to in the construction industry and why?
The ASMM that is the Australian Standard Method of Measurement is the agreement
between the Masters’ Builders Construction, The Australian institute of the Quantity
Surveyors and the Housing Association Australian Inc. The ASMM 5/6 provides an
unvarying foundation for the extent of the works of the building. The procedures of the
measurement before the work commencement are equal to the calculation of the work that is
completed and the difference between these is applicable for the processing of the BQ that is
the Bill of quantities (Kircher et al. 2014)
The ASMM 5/6 does not list out all materials, structure types etc used in building
projects, nor does it explain to you how to measure something step-by-step. What
assumptions should and / or should not be made when using the ASMM 5/6?
There are often false assumptions that are concluded about the ASSM application.
The basis of the preparation of the Bill of Quantities for the function of the ASMM is utilised
to control and model the construction cost. However, for the preparation of the Bill of
Quantities whose chief function is cost control, the ASMM is used. This is utilised in the
specification writing and the activities of the constructions which are to be scheduled. Among
the respondents, 75% confirmed the further usage of ASMM and the provision is stated of a

3ESTIMATING
complete arrangement for the preparation of work programmes and the writing specification.
It is also stated in different comments that there will be no obtainment of the complete
information from the available drawing (Donaldson 2018). Thus, there is the consultation for
the specification information and the work extent. The extent of the information that is
obtained from the usage of the ASMM which provides the information that is specified.
Some examples provide the coherent specifications and thus, for the clarification the BQ is
consulted. The BQ is consulted by the project managers for the research of the arranged
activities for determining the volume or the extent of work that is required for the
continuation. The meaning of the BQ quantity is understood by taking into account about the
utilisation of the ASMM.
Answer to question no. 2:
The client requested that you clarify the difference between the terms and the
Elemental and Trade and the cost management tools and how each approach can
influence rates?
The cost consultants or the quantity surveyors are the designer of the Elemental cost
plans. The life of the project is evolved by it for the total growth as well as the accuracy. This
happens due to the availability of more information about the design nature, therefore, the
suppliers and the contractors provides the actual prices (Eggers et al. 2015). The elemental
cost plan is the whole construction cost for the division of the projects into elements based on
the percentage. The elemental cost can be easily recognised and as per requirement the cost is
adjusted.The chief disadvantage of the elemental bill is that, at the tendering phase, at the
time of the pricing of the Bill of Quantities becomes complicated as the similar item of work