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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 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 double floor is a floor framed with joists supported by larger timbers.. In traditional timber framing there may be a single set of joists which carry both a floor and ceiling called a single floor (single joist floor, single framed floor) or two sets of joists, one carrying the floor and another carrying the ceiling called a double floor (double framed floor).
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 LH- and DLH-Series have been designed for the purpose of extending the use of joists to spans and loads in excess of those covered by Open Web Steel Joists, K-Series. LH-Series Joists have been standardized in depths from 18 inches (460 mm) through 48 inches (1,200 mm), for spans through 96 feet (29,000 mm).
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.
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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. They seek the optimum balance between cost, quality and time requirements." [2]
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