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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 ...
The model then provides as output various resources requirements in cost and time. Some models concentrate only on estimating project costs (often a single monetary value). Little attention has been given to the development of models for estimating the amount of resources needed for the different elements that comprise a project. [1]
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 ...
It was founded in 1956 [1] by about 20 cost estimators in Los Angeles, California. [2] In 1974, there were 10 chapters totalling 600 members. By 1977, there were 23 chapters totalling 1500 members. The society's web page states that there are thousands [clarification needed] of members in 65 chapters across the US.
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]
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.
Rancho Las Positas y La Calera was a 3,282-acre (13.28 km 2) Mexican land grant in present-day Santa Barbara County, California.The grant consisted of two parts:- "La Calera" (The Lime Kiln) given in 1843 by Governor Manuel Micheltorena to Narciso Fabregat, and "Las Positas" (Spanish for "little pools", the diminutive form of "las pozas" - probably referring to water from Veronica Springs ...
[citation needed] In 1839, the 48,000-acre (19,000 ha) Rancho Las Positas grant, which includes most of Livermore, was made to ranchers Robert Livermore and Jose Noriega. [18] [19] In the early 1840s Livermore moved his family from the Sunol Valley to the Rancho Las Positas grant, as the second non-native family to settle in the Livermore ...