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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. Some architects, engineers ...
A pivot table in BOEMax, a Basis of Estimate software package. To create a BOE companies, throughout the past few decades, have used spreadsheet programs and skilled cost analysts to enter thousands of lines of data and create complex algorithms to calculate the costs. These positions require a high level of skill to ensure accuracy and ...
Uniformat is a standard for classifying building specifications, cost estimating, and cost analysis in the U.S. and Canada. The elements are major components common to most buildings. The system can be used to provide consistency in the economic evaluation of building projects.
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 ...
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]
PRICE Systems’ cost estimating software was first developed in the 1970s when David Shore, a vice president in RCA's Government Group discovered that Frank Freiman, in the purchasing department, was able to predict the cost of military new systems with considerable accuracy before design was completed and a parts breakdown was available for ...
Oil mist is an atomized amount of oil carried or suspended in a volume of pressurized dry air. The oil mist, actually a ratio of one volume of oil suspended or carried in 200,000 volumes of clean, dry air, moves in a piping system (header). The point of origin is usually a mixing valve (the oil mist generator), connected to this header. Branch ...
1.5 psi Decrease in air pressure when going from Earth sea level to 1000 m elevation [citation needed] +13 kPa +1.9 psi High air pressure for human lung, measured for trumpet player making staccato high notes [48] < +16 kPa +2.3 psi Systolic blood pressure in a healthy adult while at rest (< 120 mmHg) (gauge pressure) [44] +19.3 kPa +2.8 psi