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2. Glossary of construction cost estimating - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_construction...

   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 ...

3. Cost estimate - Wikipedia

   en.wikipedia.org/wiki/Cost_estimate

   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 ...

4. Basis of estimate - Wikipedia

   en.wikipedia.org/wiki/Basis_of_estimate

   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.

5. 16 Divisions - Wikipedia

   en.wikipedia.org/wiki/16_Divisions

   The 16 Divisions of construction, as defined by the Construction Specifications Institute (CSI)'s MasterFormat, is the most widely used standard for organizing specifications and other written information for commercial and institutional building projects in the U.S. and Canada.

6. Schedule of values - Wikipedia

   en.wikipedia.org/wiki/Schedule_of_values

   The balance to finish is then calculated by subtracting the total completed to date from the original line item total. The Architect or Owner’s representative will then review and approve the amount due to the contractor during that pay period. A template that can be used for a typical SOV is the ConsensusDocs 293 - Schedule of Values. [2]

7. Engineering, procurement, and construction - Wikipedia

   en.wikipedia.org/wiki/Engineering,_procurement...

   The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. EPC companies are often used in large-scale projects, such as power plants, refineries, chemical processing facilities, infrastructure projects, and ...

8. Construction bidding - Wikipedia

   en.wikipedia.org/wiki/Construction_bidding

   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 .

9. Submittals (construction) - Wikipedia

   en.wikipedia.org/wiki/Submittals_(construction)

   The construction documents, specifically the technical specifications, require the contractor to submit product data, samples, and shop drawings to the architect and engineer for approval. This is one of the first steps that is taken by the contractor after execution of the construction contract and issuance of the "Notice to Proceed".