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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 ...
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.
Magnesium oxide wallboard (10 mm thickness) Magnesium oxide, more commonly called magnesia, is a mineral that when used as part of a cement mixture and cast into thin cement panels under proper curing procedures and practices can be used in residential and commercial building construction.
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 ...
They are developed by an estimator during the pre-construction phase. This process includes breaking the project down into smaller and more manageable units that are easier to measure or estimate. The level of detail required for measurement may vary. [1] These measurements are used to format a bid on the scope of construction.
In use as early as 1900, rock lath (also known as "button board," "plaster board" or "gypsum-board lath"), is a type of gypsum wall board (essentially an early form of drywall) with holes spaced regularly to provide a 'key' for wet plaster. [3] Rock lath was typically produced in sheets sized 2 by 4 feet (610 by 1,220 mm).