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As cost estimating programs became more and more popular over the years, more advanced features, such as saving data for reuse, mass project-wide changes, and trade-specific calculations, have become available. [6] For example, programs that are designed for building construction, include libraries and program features for traditional builders.
Plans would often show plan views (viewed from above), profile views (a "transparent" section view collapsing all section views of the road parallel to the chainage) or cross-section views (a "true" section view perpendicular to the chainage). In a plan view, chainage generally increases from left to right, or from the bottom to the top of the ...
A project value is computed for each scenario, and the expected commercial value is obtained by multiplying each situation's value by the scenario odds and adding the results. Depending on the procedures used to estimate the value of the project under each scenario, ECV can be a useful way to address project uncertainties.
For example, in designing a staircase, a dead load factor may be 1.2 times the weight of the structure, and a live load factor may be 1.6 times the maximum expected live load. These two "factored loads" are combined (added) to determine the "required strength" of the staircase.
Equipment - (1) a category of cost for organizing and summarizing costs, (2) construction equipment used to execute the project work, (3) engineered equipment such as pumps or tanks. Escalation is defined as changes in the cost or price of specific goods or services in a given economy over a period. In estimates, escalation is an allowance to ...
Shiplap is either rough-sawn 25 mm (1 in) or milled 19 mm (3 ⁄ 4 in) pine or similarly inexpensive wood between 76 and 254 mm (3 and 10 in) wide with a 9.5–12.7 mm (3 ⁄ 8 – 1 ⁄ 2 in) rabbet on opposite sides of each edge. [1] The rabbet allows the boards to overlap in this area.
Lean construction supplements traditional construction management approaches with (Abdelhamid 2007): (1) two critical and necessary dimensions for successful capital project delivery by requiring the deliberate consideration of material and information flow and value generation in a production system; and (2) different project and production ...
The value of work done (VOWD) is a project management technique for measuring and estimating the project cost at a point in time. It is mainly used in project environments of the Petroleum industry and is defined as the value of goods and services progressed, regardless of whether or not they have been paid for or received. The primary purpose ...