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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. Some architects, engineers ...
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 ...
Energy-efficient houses in cold climates often feature triple-glazed windows with a U-value between 0.19 and 0.26. In moderate and hot climates, quality double-glazed windows with a U-value of about 0.30 are generally a more cost-competitive and effective choice. [8]
The Simon Kenton Suspension Bridge opened to traffic at 10:30 AM on November 25, 1931, at a cost of $1.6 million (~$25.8 million in 2023). [29] In 2002, a $5.8 million renovation job replaced the deck of the Ohio River crossing. A fresh coat of battleship gray paint was also applied. [30]
Cost estimation models are mathematical algorithms or parametric equations used to estimate the costs of a product or project. The results of the models are typically necessary to obtain approval to proceed, and are factored into business plans, budgets, and other financial planning and tracking mechanisms.
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