India's first online market place for construction requirements Buildzar announced launch of its patent pending unique cutting edge product Beztimate. Beztimate is a tool to quickly provide estimates for particular construction based on user entered values. The tool gives detailed information about material required and construction schedule and a patent has been applied for the same as per the company.
Most of us, at least for once in lifetime makes this decision to start construction of our own house or renovating existing one and first question which comes in mind is "Kitna lagega?" (How much it will cost?). Beztimate seems to be most appropriate answer for this question at this moment. We tried to check it out but unfortunately it was not working at that time, may be some technical issue or scheduled maintenance.
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| Beztimate |
“After going through a bad experience during my home building journey, I
figured out that there is a lot of information asymmetry prevailing in the
domain. Hours of online research and fumbling through many home design
magazines gives you nothing more than just theory. Moreover, there is no price
sanctity. Each service provider will give you a different ‘number’ and your
entire home construction budget will go haywire,” says Vineet Singh, Co-founder
& CEO of Buildzar who has invented Beztimate along with other Co-Founders
Swapnil Tripathi and Vivek Sinha.
“This is when we thought of coming up with a tool that will not only
help the customer in decoding the construction cost, time and quantity but will
also help her to choose between multiple price points differentiated according
to brand preferences and budget considerations,” adds Vineet.
Beztimate takes house configuration inputs from the user i.e. location
of construction site & area of construction and processes the same using an
advanced algorithm and real time price master, which results in a detailed cost
summary and timeline of construction. Beztimate takes into account the laws and
by-laws governing the area where construction is taking place, like FAR (floor
area ratio), setbacks, height restrictions, etc. which may vary from location
to location. At times, this varies even within a city depending upon the
building planning authorities. FAR is an
index which defines the basic parameters of any construction in terms of
permissible height, individual floor’s area and total number of permissible
floors for a given set of inputs (city plus plot area logic).
Using this logic, Beztimate estimates various construction related
expenses. It uses industry standards along with detailed formulas to come up
with calculations that are as accurate as possible. It provides the overall
cost estimate by adding up design, labour and material costs. Beztimate also provides a construction schedule according
to various construction stages involved, which may vary according to user
inputs like area, number of floors, type of finishing etc. The construction
schedule helps the user to get an estimate of the various works that are a part
of construction and proposes a timeline for each stage.
The
most unique feature of Beztimate is that it gives the users a choice between
multiple price points that are differentiated according to brand preferences
and budget considerations. Estimates in rupees per square feet are also
calculated for each of these categories (price points) namely Budget, Standard,
Premium and Luxury.
It is very important to get an estimate of your project right at the
start so that you can plan your finances accordingly and now you can easily do
it through Beztimate, totally free of cost!
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