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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 ...
50 Divisions refers to the 50 divisions of construction information, as defined by the Construction Specifications Institute (CSI)'s MasterFormat beginning in 2004 ...
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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Budgeted cost of work performed (BCWP) also called earned value (EV), is the budgeted cost of work that has actually been performed in carrying out a scheduled task during a specific time period. [1] The BCWP is the sum of the budgets for completed work packages and completed portions of open work packages, plus the applicable portion of the ...
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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.