Search results
Results from the WOW.Com Content Network
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 ...
Costs of construction on a per square meter (or per square foot) basis for houses can vary dramatically based on site conditions, access routes, local regulations, economies of scale (custom-designed homes are often more expensive to build) and the availability of skilled tradespeople. [13]
The Construction Specifications Institute (CSI) is a United States national association of more than 6,000 construction industry professionals who are experts in building construction and the materials used therein. The institute is dedicated to improving the communication of construction information through a diversified membership base of ...
Typically this is expressed as a range higher or lower as compared with the point estimate with an expected probability that the actual cost will fall in the range. [16] An example for a definitive estimate might be that the estimate has a -5/+10% range of accuracy with a 90% confidence that the final value will fall in that range.
kilopounds per square inch, that is, thousands of pounds per square inch KSI (or ksi), also abbreviated KPSI or kpsi, is a common non- SI measurement scale for ultimate tensile strength , that is, the number of units of tensile force that a material can endure per unit of cross-sectional area before breaking.
Construction bidding is the process of submitting a proposal to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs .
Typically, vacuum excavation loosens the soil with a blunt-nosed high-pressure air lance or water source and vacuums away loosened material. A suction excavator with vacuum excavation equipment operating in the Netherlands. Depending on the machine used and soil conditions, a 12-inch-square, 5-foot-deep pothole can be completed in 20 minutes or ...
In the construction industry, the 1:5:200 rule (or 1:5:200 ratio) is a rule of thumb that states that: . If the initial construction costs of a building is 1, then its maintenance and operating costs over the years is 5, and the business operating costs (salary of people working in that building) is 200.