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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.
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]
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 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 ...
In 2013, the Construction Industry Institute [5] at the University of Texas adopted the CCM as "a value-adding credential" following a joint effort to compare and harmonize CII's Construction Best Practices with the CMAA SOP, and to assure that the CCM examination measured and recognized mastery of the Best Practices.
Structural engineering is a sub-discipline of civil engineering in which structural engineers are trained to design the 'bones and joints' that create the form and shape of human-made structures. Structural engineers also must understand and calculate the stability , strength, rigidity and earthquake-susceptibility of built structures for ...
Morrison Hershfield in Markham. Morrison Hershfield is a professional services firm, subsidiary of Stantec since Jan 2024, [2] providing engineering and management consulting services in the areas of energy and industrial, buildings, technology and telecom, transportation, environment, water and wastewater, and land development.
In addition, NAHB government affairs and program area staff is heavily involved at the state and local levels advocating for a favorable legal and regulatory environment that aligns with NAHB's top priorities: housing affordability, workforce development, material costs, housing finance reform, and building codes.
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