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Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. 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.
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.
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 ...
Both free and paid versions are available. It can handle Microsoft Excel .xls and .xlsx files, and also produce other file formats such as .et, .txt, .csv, .pdf, and .dbf. It supports multiple tabs, VBA macro and PDF converting. [10] Lotus SmartSuite Lotus 123 – for MS Windows. In its MS-DOS (character cell) version, widely considered to be ...
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In 1995 COCOMO II was developed and finally published in 2000 in the book Software Cost Estimation with COCOMO II. [3] COCOMO II is the successor of COCOMO 81 and is claimed to be better suited for estimating modern software development projects; providing support for more recent software development processes and was tuned using a larger ...
As of 2024, the latest release from PTC is Mathcad Prime 10.0.0.0. This release is a freemium variant: if the software is not activated after a Mathcad Prime 30-day trial, it is possible to continue using PTC Mathcad Express for an unlimited time as "PTC Mathcad Express Free-for-Life Engineering Calculations Software". This freemium pilot is a ...
It typically uses software modeling to estimate capital cost, operating cost, and revenue based on technical and financial input parameters. [2] One desired outcome is to summarize results in a concise and visually coherent form, using visualization tools such as tornado diagrams and sensitivity analysis graphs.