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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 ...
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 ...
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 concrete slab is a common structural element of modern buildings, consisting of a flat, horizontal surface made of cast concrete. Steel- reinforced slabs, typically between 100 and 500 mm thick, are most often used to construct floors and ceilings, while thinner mud slabs may be used for exterior paving ( see below ).
The cost contingency which is included in a cost estimate, bid, or budget may be classified as to its general purpose, that is what it is intended to provide for. For a class 1 construction cost estimate, usually needed for a bid estimate, the contingency may be classified as an estimating and contracting contingency.
Waffle slab foundations adhere to International Building Code requirements. By 2008, most states put into effect the changes adopted in the 2006 IBC and, in regards to foundations, the on-grade mat foundation has become a more attractive design because, as an engineered system, it already accommodates the 2008 design recommendations, and required no major modifications to bring it into compliance.
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