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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, construction managers, and others may also use cost estimating software to prepare cost estimates for purposes other than bidding such as budgeting ...
Complications associated with casting concrete blocks also raised construction costs. Expenditure continued to increase throughout the duration of the construction and Cindy Damschroder estimates that the final cost of construction was likely to have been around $118,000. The Tonkens House was completed in late-July 1956.
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 ...
Some estimates put the cost of permeable paving at about one third more expensive than that of conventional impervious paving. [20] Using permeable paving, however, can reduce the cost of providing larger or more stormwater BMPs on site, and these savings should be factored into any cost analysis. In addition, the off-site environmental impact ...
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