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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 ...
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. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
The primary roof covering [5] on houses in North America are asphalt shingles, but some have other types of roof shingles or metal roofs. Tile and thatch roofs are more common in Europe than North America. Some roofing materials help reduce air conditioning costs in hot climates by being designed to reflect light.
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]
Newer systems include solar shingles which generate electricity as well as cover the roof. There are also solar systems available that generate hot water or hot air and which can also act as a roof covering. More complex systems may carry out all of these functions: generate electricity, recover thermal energy, and also act as a roof covering.
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 ...
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