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Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. 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.
Heavy construction equipment is usually used due to the amounts of material to be moved — up to millions of cubic metres. Earthwork construction was revolutionized by the development of the scraper and other earth-moving machines such as the loader, the dump truck, the grader, the bulldozer, the backhoe, and the dragline excavator.
The salvage of the Abu Simbel temples began in 1964, and cost US$80 million. Between 1964 and 1968, the entire site was cut into large blocks, dismantled and reassembled in a new location – 65 m higher and 200 m back from the river, in what many consider one of the greatest feats of archaeological engineering.
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 ...
Moderate labor costs growth is likely to be welcomed by Federal Reserve officials when they hold their last meeting ... Productivity has expanded at a 1.8% pace during the current business cycle ...
The selection of the proper index to use depends on the industry in which it is applied. For example, while CE, M&S or IC Index are typically employed for chemical process industries, the ENR (Engineering News-Record) construction index is used for general industrial construction and takes in account the prices for fixed amounts of structural steel, cement, lumber and labor.
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