The purpose of this procedure is to set out a clear basis for MoMRA and its related entities to follow and apply to generate the estimated budget for tenders. This process can take place during the advance planning stage or through the preparation of the instruction to tenderers ITT.
The estimated budget is very important as it establishes solid ground to negotiate with tenderers and reach the targeted price.
The estimate plan serves the purpose of defining the scope and schedule of the estimating effort and supports the planning and allocation of the required resources to perform the Estimate.
The Estimate Plan needs to provide a high-level description of the scope of the project to be estimated, the contemplated sources of information to be used as well as the means and methods to be deployed, all in commensurate accordance to the predetermined Class of the Estimate.
A Basis of Estimate (BOE) is a document that identifies the logic, data, methodology and calculations used to estimate the resources required to perform a specific task or group of related tasks. BOEs detail the thought process and calculations used to arrive at the estimate.
Basis of Estimate a tool used in the field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the project.
The purpose of this procedure is to establish a Standard Coding structure for estimating for use on all MoMRA/Amanat projects/contracts.
This procedure applies to works performed under all MoMRA/Amanat projects/contracts executed throughout the Kingdom of Saudi Arabia.
The purpose of this procedure is to define the classification of different types of estimates. During a proposal or project development effort, a clear and concise estimate classification facilitates discussion on the relationship between an estimate’s level of scope definition and its expected accuracy range together and drives the estimate planning process. This procedure applies to works performed under all MoMRA and Amanat projects executed throughout the Kingdom of Saudi Arabia.
This procedure provides methodology for preparing and conducting formal estimate reviews, which will include a formal written estimate review package. The estimate review package format provides a consistent, systematic, and thorough means of documenting and presenting a cost estimate for internal reviews.
Estimate reviews are intended to:
• Communicate to Stakeholders the basis and methodology of the estimate
• Ensure that the project objectives are met
• Verify that the correct processes have been followed during estimate development
This procedure provides guidelines for the methodology used in the development of contracts/projects cost estimates. It defines essential estimating processes in order to promote uniformity estimate development. This procedure applies to works performed under all MoMRA/GDMP/AMANAT contracts executed throughout the Kingdom of Saudi Arabia.
This procedure provides guidelines for estimate approvals. This procedure applies to works performed under all MoMRA and Amana projects executed throughout the Kingdom of Saudi Arabia.