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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 ...
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 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.
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Including tow cost, €100 million for the ship to be broken up for scrap and the cost of repairing damage to Giglio island, the estimated final cost was expected to be €1.5 billion ($2 billion). [ 39 ] [ 40 ] On 23 July, having been refloated, the ship commenced its final journey under tow at a speed of 2 knots (4 km/h; 2 mph), with a 14 ...
The total cost of the disaster, including victims' compensation, refloating, towing and scrapping costs, is estimated at $2 billion, more than three times the ship's $612 million construction cost. Costa Cruises offered compensation to passengers (to a limit of €11,000 per person) to pay for all damages, including the value of the cruise; one ...
It was founded in 1956 [1] by about 20 cost estimators in Los Angeles, California. [2] In 1974, there were 10 chapters totalling 600 members. By 1977, there were 23 chapters totalling 1500 members. The society's web page states that there are thousands [clarification needed] of members in 65 chapters across the US.
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