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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 cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers, construction managers, and others may also use cost estimating software to prepare cost estimates for purposes other than bidding such as budgeting ...
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 ...
The 16 Divisions of construction, as defined by the Construction Specifications Institute (CSI)'s MasterFormat, is the most widely used standard for organizing specifications and other written information for commercial and institutional building projects in the U.S. and Canada.
In 2011, Armstrong's net sales were $2.86 billion, with operating income of $239.2 million. [17] Armstrong Cabinets was sold by Armstrong World Industries to American Industrial Partners on October 31, 2012. Armstrong spun off its flooring business into a new company, Armstrong Flooring (NYSE: AFI) on April 1, 2016.
Concrete is a composite material composed of aggregate bonded together with a fluid cement that cures to a solid over time. Concrete is the second-most-used substance in the world after water, [1] and is the most widely used building material. [2] Its usage worldwide, ton for ton, is twice that of steel, wood, plastics, and aluminium combined. [3]
In Europe, sizing ranges are specified as d/D, where the d shows the smallest and D shows the largest square mesh grating that the particles can pass. Application-specific preferred sizings are covered in European Standard EN 13043 for road construction, EN 13383 for larger armour stone, EN 12620 for concrete aggregate, EN 13242 for base layers of road construction, and EN 13450 for railway ...
The most common use for portland cement is in the production of concrete. [17] Concrete is a composite material consisting of aggregate (gravel and sand), cement, and water. As a construction material, concrete can be cast in almost any shape desired, and once hardened, can become a structural (load bearing) element.
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