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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 ...
Acquired knowledge after an action/actions or process/processes has been completed Nesting: Processes within processes Off the shelf Buying in a product or service that is already completed One button to push/Push of a button Reduced number of suppliers Operational excellence: Sustainable improvement of key performance metrics Python
The American Society of Professional Estimators (ASPE) defines estimate levels in the reverse order as Level 1 – Order (Range) of Magnitude, Level 2 – Schematic/Conceptual Design, Level 3- Design Development, Level 4 – Construction Document, and Level 5 – Bid.>.” [9] ACostE defines a Class I Estimate as definitive, a Class II Estimate ...
A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by ...
Variable monthly expenses. These expenses fluctuate from month to month and are often discretionary in nature. Examples include groceries, utilities, entertainment expenses and travel. Variable ...
Cost for service: $200 to $400 for whole-house professional cleaning and an additional $100 to $200 for carpets. Alternative: DIY deep clean, focusing on high-impact areas like kitchens and bathrooms.
According to the General Conditions (AIA A201 Section 9.8.2), the Contractor prepares and submits to the architect a comprehensive list of items to be completed or corrected. This snag list, as generated by the Contractor, is known as the punch list. Upon receipt of the contractor's list, the architect then inspects the work to determine if the ...
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).