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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, construction managers, and others may also use cost estimating software to prepare cost estimates for purposes other than bidding such as budgeting ...
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 ...
The U.S. Government Accountability Office (GAO) defines a cost estimate as "the summation of individual cost elements, using established methods and valid data, to estimate the future costs of a program, based on what is known today". The GAO reports that "realistic cost estimating was imperative when making wise decisions in acquiring new ...
Aug. 18—After more than one and a half years of discussions, including a six-month public hearing process, Painesville Township's trustees have unanimously voted to approve the Villages at ...
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. Both estimators and quantity surveyors must have a background education ...
A casement window is a window that is attached to its frame by one or more hinges at the side. [1] They are used singly or in pairs within a common frame, in which case they are hinged on the outside. Casement windows are often held open using a casement stay. Windows hinged at the top are referred to as awning windows, and ones hinged at the ...
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