Question

Difference between detailed estimate and abstract estimate

Answer 1

Detailed Estimate:
It is actually the accurate estimate which is prepared using quantities of the every items of the work, Also they are mostly prepared  by work wise .
  The main purpose of this estimate is the preparation of technical sanctions like the contract arranging as well as the project execution .

Abstract Estimate:
It is actually last thing or method to do in the completion of detailed estimate .All the rates as well as the quantities of the of every type of work item is made in the abstract form in this.

Answer 2

Detailed estimating, at times alluded to as "Prime Cost", "Bottoms Up" or "Grass Roots" assessing requires an exhaustive and point by point examination of the considerable number of errands required to convey an undertaking or item. The estimate can be created utilizing a mix of estimating methods.

The abstract estimate is the third and the last stage in a detailed estimate. The amounts and rates of everything from work touched base in the initial two stages are presently entered in the abstract form. The aggregate cost of everything of work is currently computed by increasing the amounts and particular rates.