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It says it bases its estimates on hundreds of data points, including information about the home itself, the neighborhood, the overall real estate market and more.
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.
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 ...
It was founded in 1956 [1] by about 20 cost estimators in Los Angeles, California. [2] In 1974, there were 10 chapters totalling 600 members. By 1977, there were 23 chapters totalling 1500 members. The society's web page states that there are thousands [clarification needed] of members in 65 chapters across the US.
In software development, effort estimation is the process of predicting the most realistic amount of effort (expressed in terms of person-hours or money) required to develop or maintain software based on incomplete, uncertain and noisy input.
Cost estimation in software engineering is typically concerned with the financial spend on the effort to develop and test the software, this can also include requirements review, maintenance, training, managing and buying extra equipment, servers and software. Many methods have been developed for estimating software costs for a given project.
Moving horizon estimation uses a sliding time window. At each sampling time the window moves one step forward. It estimates the states in the window by analyzing the measured output sequence and uses the last estimated state out of the window, as the prior knowledge.
A Civil estimator is a construction professional who bids on civil projects that have gone to tender. Civil estimators typically have a background in civil engineering , construction project management , or construction supervision .
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