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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 simple approach involves defining different earthworks features in a computer program and then adjusting elevations manually to calculate the optimal cut and fill. More sophisticated software is able to automatically balance cut and fill while also considering the materials.
Data which can be used to calculate quantities and costs can also be part of a cost database. For example, there are various formulas for calculating the area of shapes, the volume of solids or spaces, and the weight of materials. There are defined unit properties of materials also. Materials each have certain densities or unit weights.
Example: Excavation at 8 cy/day (8-hour day) with 2-man crew = 2 x 8 / 8 = 2 man-hours/cy. See also Production rate. Note: some sources call this Productivity, an unnecessary confusion. Mark-up is the difference between the cost of a good or service and its selling price. A markup is added on to the total cost incurred by the producer of a good ...
Excavation may be classified by type of material: [1]: 13.1 Topsoil excavation; Earth excavation; Rock excavation; Muck excavation – this usually contains excess water and unsuitable soil; Unclassified excavation – this is any combination of material types; Excavation may be classified by the purpose: [1]: 13.1, 13.2
The side-gig industry is still booming, but not all side gigs are created equal and not all people doing them make enough money to justify the time and effort involved. According to Self, just ...
November's consumer price index report, released on Wednesday, showed consumer prices rising 0.3% in November, following four consecutive months of 0.2% increases, with the yearly rate climbing to ...
Police are searching for a burglar who stole more than £10 million ($12.5 million) worth of bespoke jewelry in north-west London in what is thought to be one of the biggest thefts from a British ...