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Abstract of Cost Format for Construction Estimates

  • Excel (.xlsx)
  • 4 sheets
  • Free
  • Updated

Or download the empty Excel template

What is an abstract of cost in a construction estimate?

An Abstract of Cost brings the totals of every sub-estimate or work package onto one page, adds contingencies, establishment charges, overheads and GST, and arrives at the total estimated cost of the project. It is the summary sheet submitted with a detailed estimate.

What is in the abstract of cost workbook?

  • Project Details — project particulars and every percentage used on the Abstract.
  • Abstract — the package-wise roll-up with add-ons, GST and the total estimated cost.
  • Filled Sample — a worked example for a G+2 residential building.

How does the abstract of cost sheet calculate?

  • Cost of works = the sum of every package total entered on the Abstract.
  • Each add-on — contingencies, work-charged establishment, quality control / testing, contractor's profit & overheads — is the cost of works × its percentage. They are all charged on the cost of works, not compounded on each other.
  • GST = (cost of works + add-ons) × the GST rate.
  • Total estimated cost = cost of works + add-ons + GST. The Say figure rounds it to the nearest ₹1,000 and also shows it in lakh.

Worked example from the sample sheet (illustrative figures): packages totalling ₹2,37,77,000, with 3% contingencies (₹7,13,310), 2% establishment (₹4,75,540) and 0.5% quality control (₹1,18,885), come to ₹2,50,84,735 before GST. GST at the sheet's default 18% adds ₹45,15,252.30, giving ₹2,95,99,987.30 — say ₹2,96,00,000, or 296 lakh.

How do you use the abstract of cost template?

  1. Fill in the project particulars and the percentages on the Project Details sheet.
  2. On the Abstract sheet, enter each work package and its total from the corresponding detailed BOQ. Overwrite the suggested package names to match yours.
  3. In the Reference column, record where each figure came from — the BOQ sheet name, page or serial numbers. This is what makes the abstract auditable.
  4. The add-on rows, GST and total calculate themselves from the percentages you set.
  5. Check the rounded 'Say' figure at the bottom before submission.

What should you check before relying on the abstract of cost?

  • Every figure on this sheet should trace back to a detailed estimate. An abstract with no references behind it will not survive scrutiny.
  • Contingency and establishment percentages are prescribed by the department for government work and negotiated for private work. Do not carry the defaults over without checking.
  • GST treatment differs between works contracts, supply contracts and composite supply. Confirm the applicable rate, and whether it is payable at all, before relying on the total.
  • Rates are not supplied with this template. Enter rates from your own schedule of rates or market quotations; any figures on the sample sheet are illustrative only and must not be used for real estimating or billing.

Which BOQ template do I need?

Your jobUse this template
Government, PWD or public-sector tender priced from a schedule of rates BOQ Format in Excel
New house or builder floor, private work — turnkey or labour contract House Construction BOQ Format in Excel (Private Work)
Renovation or repair mixing several trades: dismantling, waterproofing, tiling, painting, fabrication, POP Renovation & Trade Works BOQ Format in Excel
Only waterproofing: terrace, toilets, basement or water tank Waterproofing BOQ Format in Excel
Only flooring and tiling: tiles, stone, skirting and dado Flooring & Tiling BOQ Format in Excel
Only painting: interior, exterior, steel and woodwork Painting BOQ Format in Excel
Only the boundary wall and gate Boundary Wall BOQ Format in Excel
Office, shop or home interior fit-out Interior Work BOQ Format in Excel
Only plumbing and sanitary work Plumbing & Sanitary BOQ Format in Excel
Only internal electrical work Electrical BOQ Format in Excel
A building's fire-fighting system: pumps, hydrants, sprinklers, extinguishers Fire Fighting BOQ Format in Excel
A road, pavement or internal road Road Work BOQ Format in Excel
Adding several BOQs up into one project total Abstract of Cost Format in Excel (this page)

What does each column mean?

ColumnWhat goes in it
S. No.Serial number of the work package within the abstract.
Sub-Head / PackageThe work package or sub-estimate being rolled up — substructure, superstructure, finishing, services, external works, and so on. Overwrite the suggested names to match your estimate.
ReferenceWhere the figure came from: the BOQ sheet name, page or serial numbers behind it. An abstract line with no reference cannot be checked.
Basis (Rs.)The package total carried in from its detailed BOQ, or the running total that an add-on percentage is applied to.
RateThe percentage for an add-on row — contingencies, establishment, overheads, GST. Blank on a package line.
Amount (Rs.)Auto-calculated. The package total, or basis x percentage for an add-on row. The rounded 'Say' figure at the foot is what goes on the cover.

Everything in this band is priced on a bill of quantities. The BOQ format in Excel is that bill — pre-sectioned by trade, with an abstract that totals it — and every rate you settle here is applied against its measured quantities.

Get the quantities from your drawings

A template gives you the structure. The measuring — scaling every quantity off the drawing set — is still three to seven days of work. Upload your architectural and structural PDFs and InstaBOQ reads the drawings, extracts the quantities, and fills this same structure.

Questions

What is an abstract of cost?

An abstract of cost is the one-page summary of an estimate. It lists the total of each sub-estimate or work package, adds contingencies, establishment charges and taxes, and arrives at the total estimated cost of the project. The detailed BOQ behind each line is what justifies it.

What is the difference between a BOQ and an abstract of cost?

A BOQ lists every item with its quantity, rate and amount. The abstract lists only the totals of groups of items and adds the percentage add-ons. The abstract is what gets read first; the BOQ is where each figure is checked.

What percentage should be added for contingencies?

There is no single figure. For government work it is prescribed by the department; for private work it is agreed with the client. The template's 3% is a placeholder to replace, not a recommendation.

Is GST added in the abstract of cost?

The sheet applies GST to the total before GST at the rate you enter. The applicable rate depends on the type of contract and the work, so confirm it rather than relying on the 18% default.

Why is the total rounded off as a 'Say' figure?

Estimates are submitted as a rounded amount. The sheet rounds the total to the nearest Rs. 1,000 and also shows it in lakh, while keeping the exact total above it for anyone checking the arithmetic.

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