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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 ...
Units are represented in UCUM with reference to a set of seven base units. [5] The UCUM base units are the metre for measurement of length, the second for time, the gram for mass, the coulomb for charge, the kelvin for temperature, the candela for luminous intensity, and the radian for plane angle.
A unit of measurement, or unit of measure, is a definite magnitude of a quantity, defined and adopted by convention or by law, that is used as a standard for measurement of the same kind of quantity. [1] Any other quantity of that kind can be expressed as a multiple of the unit of measurement. [2] For example, a length is a physical quantity.
A bill of quantities is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized.It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding.
A unit of measurement that applies to money is called a unit of account in economics and unit of measure in accounting. [5] This is normally a currency issued by a country or a fraction thereof; for instance, the US dollar and US cent (1 ⁄ 100 of a dollar), or the euro and euro cent.
The first group of metric units are those that are at present defined as units within the International System of Units (SI). In its most restrictive interpretation, this is what may be meant when the term metric unit is used. The unit one (1) is the unit of a quantity of dimension one. It is the neutral element of any system of units. [2]
When that multiplier is one, the unit is called a coherent derived unit. For example, the coherent derived SI unit of velocity is the metre per second, with the symbol m/s. [1]: 139 The base and coherent derived units of the SI together form a coherent system of units (the set of coherent SI units). A useful property of a coherent system is ...
The unit cost is the price incurred by a company to produce, store and sell one unit of a particular product. Unit costs include all fixed costs and all variable costs involved in production. Cost unit is a form of measurement of volume of production or service.