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Construction Operations Building Information Exchange (COBie) is a United States-originated specification relating to managed asset information including space and equipment. It is closely associated with building information modeling (BIM) approaches to design, construction, and management of built assets.
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 ...
A rate card, also known as a rate sheet, is a structured table or list that sets out the different list prices that apply to a range of services provided to enable the buyer to compare the options available. It is typically the standard published rates and therefore the maximum price a buyer will be expected to pay.
Many construction cost estimators continue to rely primarily upon manual methods, hard copy documents, and/or electronic spreadsheets such as Microsoft Excel. While spreadsheets are relatively easy to master and provide a means to create and report a construction cost estimate and or cost models, their benefit comes largely from their ability ...
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Construction bidding is the process of submitting a proposal to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs .
A Rate Contract or a Rate Agreement (RC in short) is an agreement between a buyer and a supplier to obtain products for a fixed unit price or price variation over a specified period of time, as a procurement cost reduction strategy.
IFC-ZIP is a ZIP compressed format consisting of an embedded IFC-SPF file or IFC-XML file and having file extension ".ifcZIP". IFC-Turtle (Terse RDF Triple Language) is a textual semantic data format that uses RDF and is expressed in the ifcOWL ontology. IFC-RDF is a XML-based semantic data format that uses RDF and is expressed in the ifcOWL ...