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The Building Cost Information Service (BCIS) provides cost and price data for the UK construction industry. Founded as part of the Royal Institution of Chartered Surveyors (RICS), it is now a standalone company.
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 ...
Elemental cost planning is a system of Cost planning and Cost control, typically for buildings, which enables the cost of a scheme to be monitored during design development.
The most basic element of a cost estimate and therefore the cost database is the estimate line item or work item. [3] An example is "Concrete, 4000 psi (30 MPa)," which is the description of the item. In the cost database, an item is a row or record in a table (of items) and the description is a column or field for that record.
In 2012, RIB made three acquisitions: firstly, it purchased Memphis, Tennessee, United States-based estimating software business, MC². [5] Secondly, on 30 September it announced that it had taken a majority stake in Sydney , Australia–based project management software company, ProjectCentre. [ 6 ]
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.
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.
National Building Specification logo. NBS (National Building Specification) is a UK-based business providing construction specification information used by architects, engineers and other building professionals to describe the materials, standards and workmanship of a construction project. [1]