Page 124 - IRSEM_Main Book

702. The Abstract Estimate: An abstract estimate is prepared in order to enable the authority
competent to give administrative approval to the expenditure of the nature and the
magnitude contemplated, to form a reasonably accurate idea of the Probable expenditure and
such other data sufficient to enable that authority to gauge adequately the financial prospects
of the proposal. Abstract estimates avoid the expense and delay of preparing estimates for
works in detail at a stage when the necessity or the general desirability of the works proposed
has not been decided upon by competent authority. An abstract estimate should contain a
brief report and justification for the work, specifications and should mention whether funds
are required in the current year and to what extent. It should also show the cost sub-divided
under main heads and sub-heads or specific items, the purpose being to present a correct idea
of the work and to indicate the nature of the expenditure involved. The allocation if each item
as between Capital, Development Fund, Open Line Works-Revenue, Depreciation Reserve
Fund and Revenue should be indicated.

Note: Administrative approval to a work or scheme should be accorded by the authority
competent to do so (vide paragraph 748), after a through examination of its necessity,
utility and financial propspects. See also rules in Chapter II of Indian Railway Financial
Code.

………… RAILWAY Form E.702
Abstract Estimate

Department ………………. Division…………………………. Station ……………………………..
Estimate No. ……………………………
Framed By ………………………………. Division……………………………
Description of work ……………………………………………………………………………
Plan No. ……………………………………………………………………………………………...

Reference …………………………………………..

Ordy. Misc.
Capitals DF DRF RRSK Rev Deposit advances Total
Cost
(1) (2) (3) (4) (5) (6) (7) (8)
Existing sanctioned
estimate (if any)
Present Estimate ... ..

Total ...

Cost of stores………………. To be purchased ..Rs……………………Rs…………………..

Funds ... .. .. To stock…………….Rs…………………………………………
Report and Justification--- Specification.

Enclosed: * Details of cost with allocation (Form E.704). Sub estimate
Has Accounts Officer agreed to the pro. allocation ?

Station: ………………………. Signature: ……………………………………...

Date: ……………………………………… Designation: …………………………................
*Required in case of any existing sanctioned estimate.

Chapter 5: Planning, Estimating & Survey Page 96 of 535