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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 ...
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 ...
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 estimator is the professional who prepares cost estimates.
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.
Mace's activities involve the following: [38] Programme and project management; Cost consultancy; Construction delivery; Facilities management; Additional services (including health and safety management, sustainability consultancy, contracts and dispute management, social inclusion programmes, investment and Building Information Modelling (), supply chain training and site logistics)
Estimators are responsible for obtaining tenders, obtaining of material costs, calculation of tenders taking into consideration project management and overheads. [1] The role of an estimator can be a very pressured one, and requires a great level of concentration, some of which will result in erratic office hours to ensure tender return dates ...
The shop drawing is the manufacturer’s or the contractor’s drawn version of information shown in the construction documents. [1] The shop drawing normally shows more detail than the construction documents.
During the construction process, they set out all the necessary levels for roads, street gutters, drainage, culverts and sewers involved in construction operations. Civil engineers and construction managers work alongside architects and supervisors, planners, quantity surveyors , and the general workforce, as well as subcontractors.