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A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers, construction managers, and others may also use cost estimating software to prepare cost estimates for purposes other than bidding such as budgeting ...
For instance, for a three-night, one-way cruise from Fort Lauderdale to San Juan, an inside cabin comes in at $1,494 for two adults and $2,506 for a family of four with two under-12 children.
Many costs associated with a cruise are included in the fare travelers pay when they book. "I think one of the things I would point out is, spending money on a cruise ship is a choice," said ...
How Much It Costs To Cruise on the Icon of the Seas. ... Mexico; and CocoCay, Bahamas, starts at $998 per person for an interior cabin, with suites costing as much as $4,848 ($2,424 per person ...
The most basic element of a cost estimate and therefore the cost database is the estimate line item or work item. [3] An example is "Concrete, 4000 psi (30 MPa)," which is the description of the item. In the cost database, an item is a row or record in a table (of items) and the description is a column or field for that record.
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Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]
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