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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.
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. 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 ...
The cost estimate includes: Construction of Fort LeBoeuf Elementary School, $49 million; Relocating the baseball and softball fields, $4.25 million.
The average cost to build a house is $150 per square foot, but can cost upwards of $500 in larger cities like New York City or San Francisco. "The size and type of house you choose to build will ...
The current replacement value is defined as what monetary value the organization places on the facility. An accurate FCI is dependent on the cost estimates developed for the facility deficiencies and current replacement value. [citation needed] The FCI is a relative indicator of condition, and should be tracked over time to maximize its benefit.
The estimator even breaks the repair down into parts and labor costs. Another cool feature of the RepairPal is that you can view common problems with your car, which may help you prepare future ...
The cost approach value is the sum of the market value of the land, depreciated replacement cost and entrepreneurial effort. Land is typically valued using the sales comparison approach. The replacement cost is the cost to build a building of the same quality and functional utility as the subject property.
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