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To prepare the bid, first a cost estimate is prepared to determine the costs and then establish the price(s). This involves reviewing the project's plans and specifications to produce a take-off or quantity survey, which is a listing of all the materials and items of work required for a construction project by the construction documents ...
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 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. Both estimators and quantity surveyors must have a background education ...
In November 2010, CSI acquired Building Systems Design (BSD) to help advance software tools for specifications development and communication of building information across the building team. [2] [3] BSD is a software firm that is a leading developer of commercial master specifications and construction cost estimating software. BSD is involved ...
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 cost database may be stored in relational database management system, which may be in either an open or proprietary format, serving the data to the cost estimating software. The cost database may be hosted in the cloud. Estimators use a cost database to store data in structured way which is easy to manage and retrieve. [2]
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