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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 ...
On April 29, 2010, in a product liability case filed by a mesothelioma patient whose husband used to cut CertainTeed pipe for a living, a Los Angeles Superior Court jury returned a verdict of $8.8 million in compensatory damages and $200 million in punitive damages against CertainTeed and the Los Angeles Department of Water and Power. [5]
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
Investopedia says buying a home will set you back around $796,998 in your lifetime — based on Zillow’s average home price estimate of $346,653 in September, a 10% down payment and a 30-year ...
A building estimator or cost estimator is an individual that quantifies the materials, labor, and equipment needed to complete a construction project. Building cost estimating can concern diverse forms of construction from residential properties to hi-rise and civil works.
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