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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 ...
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects.
A guaranteed maximum price (also known as GMP, not-to-exceed price, NTE, or NTX) contract is a cost-type contract (also known as an open-book contract) such that the contractor is compensated for actual costs incurred plus a fixed fee, which is limited to a maximum price. The contractor is responsible for cost overruns greater than the ...
Honda Motor Co., Ltd. [3], commonly known as just Honda, is a Japanese multinational conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan. Founded in October 1946 by Soichiro Honda, Honda has been the world's largest motorcycle manufacturer since 1959, [4] [5] reaching a production of 400 million by 19 December 2019. [6]
A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
Honda also expanded rear door-line production capability to accommodate dropping the coupe from the line-up for model year 2018; brought in-house the sub-assembly of front-end modules of the Accord and added a new sub-assembly for the Intelligent Power Unit, which consists of the battery pack and its control systems, for the 2018 Accord Hybrid.
Honda XR-V Honda e:NS1 Honda e:NS2 Honda Ye S7: 2003 L: American Honda Motor Company (East Liberty Auto Plant) East Liberty, Ohio, United States: Honda CR-V Acura RDX Acura MDX: 1989 2: GAC Honda: Guangzhou, China: Honda Accord Honda Avancier Honda Breeze Honda Crider Honda Fit Honda Integra Honda Odyssey Honda Vezel Honda ZR-V Honda e:NP1 ...