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P&E/202223/Tender/110 dated 07.02. 2024TENDER DOCUMENT STATE BANK OF INDIA LOCAL HEAD OFFICE, GUWAHATI PREMISES & ESTATE DEPARTMENT GUWAHATI, ASSAM.INVITES TENDERS (eTENDER THROUGH SBI SERVICE PROVIDER
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Start by identifying all the tasks involved in the project or work.
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Assign a monetary value or cost to each task based on the resources needed.
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Sum up the estimated costs for all tasks to get the total estimated value of work.

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The estimated value of work is needed by project managers, contractors, business owners, and stakeholders to assess the financial feasibility of a project or work.
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It helps in budgeting, tracking costs, making informed decisions, securing funding, and setting project milestones.
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The estimated value of work refers to the projected financial worth of a particular project or contracted work, typically calculated based on the scope, materials, labor, and other associated costs.
Entities such as contractors, subcontractors, or businesses engaged in large-scale projects are generally required to file the estimated value of work with relevant authorities or stakeholders.
To fill out the estimated value of work, one needs to complete a standardized form that includes details such as project description, total budget, itemized costs, labor estimates, and any assumptions made during the estimation process.
The purpose of the estimated value of work is to provide a financial blueprint for a project, facilitating budgeting, securing financing, and setting clear cost expectations between contractors and clients.
The information that must be reported includes project title, estimated start and completion dates, detailed breakdown of costs, potential risks, assumptions, and names of involved parties.
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