The plan is an in-depth proposal of something that is to be made or achieved. And in construction, it is the thorough skeletal description of a building or structure that is to be built. Estimation is outlining a rough idea of the costs involved in the process of constructing the building. It includes the value, quantity, number, quality, and extent of the materials required for the construction. Both plan and estimation are important factors for the success of the construction project.
Every project and construction work demands a detailed plan to accurately capture and display the structure that they intend to build. It is important to create a plan for the construction work to go both smoothly and successfully. Making a plan is considered important in all fields of work, be it construction, business, military, diplomatic meetings and so on. When constructing, there is this necessity to have a clear cut idea of what to do and how to do and this is accomplished by a good plan.
Plans affect the project accordingly. If the created plans are good and help the other team members then the project is bound to be a success but a plan that lacks important elements and fails to present its facets will adversely affect the project. So planning should not be disregarded as a meager thing but should be done with rapt attention and dedication. Necessary details and ideas should be included in a plan to create as distinct an image as possible.
As said earlier estimation is the rough calculation of the cost involved with the construction or the project. It is important to have a clear prediction on the budget of the project and the time you begin the project. But there are many factors affecting the process of construction which include labor availability, present labor charges, location of the project, equipment in demand for the project and their prices. It is necessary to have an idea about the expenditure involved in the project.
Though estimation is essential in construction projects, it doesn’t make it any less tricky. When we speak of estimation in construction, we mean an accurate estimation of everything. Both underestimation and overestimation have their own set of negative consequences. Underestimation can lead to financial problems in the middle of the project, leaving you struggling for a solution, whereas overestimation would lead to economic and labor inefficiency. So estimation is important but precise estimation is what matters the most.