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The machine cost $1.5 million to construct and was named after the company president at the time, Stan Anderson, who was given a similar nickname due to his height of 6 ft 3 in (1.91 m). [1] The rig was originally built to meet the demand for a more powerful mobile drilling rig, specifically a demand for rigs capable of boring up to 260 feet ...
This format is illustrated in the handwritten spreadsheet sample. For labor, the estimator should, "Determine basic production rates and multiply them by the units of work to determine total hours for the work." [28] and then multiply the hours by the per hour average labor cost. [29] Labor burdens, material costs, construction equipment costs ...
LSM is used mainly in the construction industry to schedule resources in repetitive activities commonly found in highway, pipeline, high-rise building and rail construction projects. These projects are called repetitive or linear projects.
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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 ...
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