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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.
Countertop. A countertop, also counter top, counter, benchtop, worktop (British English) or kitchen bench (Australian or New Zealand English), bunker (Scottish English) is a raised, firm, flat, and horizontal surface. They are built for work in kitchens or other food preparation areas, bathrooms or lavatories, and workrooms in general.
A sink is a bowl-shaped plumbing fixture for washing hands (also known as washbasin in the UK), dishwashing, and other purposes. Sinks have a tap (faucet) that supplies hot and cold water and may include a spray feature to be used for faster rinsing. They also include a drain to remove used water; this drain may itself include a strainer and/or ...
Vanity sizing, or size inflation, is the phenomenon of ready-to-wear clothing of the same nominal size becoming bigger in physical size over time. [1][2][3] This has been documented primarily in the United States and the United Kingdom. [4] The use of US standard clothing sizes by manufacturers as the official guidelines for clothing sizes was ...
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 ...
In statistics, the bias of an estimator (or bias function) is the difference between this estimator 's expected value and the true value of the parameter being estimated. An estimator or decision rule with zero bias is called unbiased. In statistics, "bias" is an objective property of an estimator. Bias is a distinct concept from consistency ...
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