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To prepare the bid, first a cost estimate is prepared to determine the costs and then establish the price(s). This involves reviewing the project's plans and specifications to produce a take-off or quantity survey, which is a listing of all the materials and items of work required for a construction project by the construction documents ...
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.
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. The ...
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 ...
An example of how the numbering system expands to provide additional detail below level 1 is shown for A SUBSTRUCTURE A10 FOUNDATIONS A1010 Standard Foundations A1020 Special Foundations A40 SLABS-ON-GRADE A4010 Standard Slabs-on-Grade A4020 Structural Slabs-on-Grade A4030 Slab Trenches A4040 Pits and Bases A4090 Slab-on-Grade Supplementary ...
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