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A cost estimate is often used to establish a budget as the cost constraint for a project or operation. In project management, project cost management is a major functional division. Cost estimating is one of three activities performed in project cost management. [3] In cost engineering, cost estimation is a basic activity. A cost engineering ...
These variables include, building material of the envelope, thicknesses of the building materials, day of the year, time of day, orientation of the surface (e.g. wall or roof, 90 degrees or 180), and wall face orientation (cardinal directions, i.e. N, NW, S, SE, etc.), to name a few.
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Print/export Download as PDF; ... Construction cost: $12.5 million ($32.2 million in 2023 dollars [2]) ... Temcor is the manufacturer of the roof.
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The initial economic cost of building materials is the purchase price. This is often what governs decision making about what materials to use. Sometimes people take into consideration the energy savings or durability of the materials and see the value of paying a higher initial cost in return for a lower lifetime cost.
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