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Construction estimating software. 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.
Basis of estimate (BOE) is a tool used in the field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the project. Through carefully planned equations, hierarchical listing of elements, standard calculations, checklists of project elements and other ...
Mechanical, electrical and plumbing (MEP) refers to the installation of services which provide a functional and comfortable space for the building occupants. In residential and commercial buildings, these elements are often designed by specialized MEP engineers. MEP's design is important for planning, decision-making, accurate documentation ...
6 Free Budget Template Spreadsheets. There are many fish in the sea, and we promise there’s a budget spreadsheet out there for you. Here are our picks based on budgeting personality types one ...
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 ...
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