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Many construction cost estimators continue to rely primarily upon manual methods, hard copy documents, and/or electronic spreadsheets such as Microsoft Excel. While spreadsheets are relatively easy to master and provide a means to create and report a construction cost estimate and or cost models, their benefit comes largely from their ability ...
Although the concept of U-value (or U-factor) is universal, U-values can be expressed in different units. In most countries, U-value is expressed in SI units, as watts per square metre-kelvin: W/(m 2 ⋅K) In the United States, U-value is expressed as British thermal units (Btu) per hour-square feet-degrees Fahrenheit: Btu/(h⋅ft 2 ⋅°F)
Earned Value Management is a second tool within project management that allows for the tracking of progress throughout the life cycle of a project. BOEs, when executed properly and with the aid of certain software packages, allow for a seamless transition from project proposal to execution by transferring data from the BOE directly into ...
A bill of quantities is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized. It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding. The ...
Revenues and gross profit are recognized each period based on the construction progress, in other words, the percentage of completion. Construction costs plus gross profit earned to date are accumulated in an asset account (construction in process, also called construction in progress), and progress billings are accumulated in a liability account (billing on construction in process).
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The CLTD/CLF/SCL (cooling load temperature difference/cooling load factor/solar cooling load factor) cooling load calculation method was first introduced in the 1979 ASHRAE Cooling and Heating Load Manual (GRP-158) [1] The CLTD/CLF/SCL Method is regarded as a reasonably accurate approximation of the total heat gains through a building envelope ...