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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 ...
The total cost of construction was estimated in 1914 at $11–12 million (equivalent to $299–326 million in 2023 [58]). Of this, $8 million was a direct cost "on the books" and the remainder was adjusted claims and county liabilities. [56] Other estimates placed the construction cost at $13 million (about $353 million in 2023 [58]). [9] [88]
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 ...
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects.
Jason Gould (/ ɡ uː l d /; May 27, 1836 – December 2, 1892) was an American railroad magnate and financial speculator who founded the Gould business dynasty.He is generally identified as one of the robber barons of the Gilded Age.
Lynnewood Hall is a 110-room Neoclassical Revival mansion in Elkins Park, Pennsylvania.It was designed by architect Horace Trumbauer for industrialist Peter A. B. Widener and built between 1897 and 1899.
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Arnold Carl Harberger (born July 27, 1924) is an American economist.His approach to the teaching and practice of economics is to emphasize the use of analytical tools that are directly applicable to real-world issues.