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2. Construction estimating software - Wikipedia

   en.wikipedia.org/wiki/Construction_estimating...

   Labor and equipment costs are internal crew costs, whereas all other resource costs are received from vendors, such as material suppliers, subcontractors, and trucking companies. Labor costs are usually calculated from wages, benefits, burden, and workers' compensation. Equipment costs are calculated from purchase price, taxes, fuel consumption ...

3. Building estimator - Wikipedia

   en.wikipedia.org/wiki/Building_estimator

   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.

4. Cost estimate - Wikipedia

   en.wikipedia.org/wiki/Cost_estimate

   Labor burdens, material costs, construction equipment costs, and, if applicable, subcontractor costs are also extended on the estimate detail form. [30] Other costs and pricing are added, such as overhead , profit , sales or use taxes, payment and performance bonds, escalation , and contingency .

5. Lump sum contract - Wikipedia

   en.wikipedia.org/wiki/Lump_sum_contract

   Typical Lump Sum Contract Structure. A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance. [1]

6. Prevailing wage - Wikipedia

   en.wikipedia.org/wiki/Prevailing_wage

   [1]: 1 The contribution of prevailing wage requirements to overall construction costs has been estimated to be as large as a 40% increase in costs. [ 1 ] : 1 A 2020 UC Berkeley study of government subsidized affordable housing projects in California found that prevailing wage requirements increased the cost of construction by 13%, or $50,000 ...

7. Glossary of construction cost estimating - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_construction...

   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 ...