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A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers, construction managers, and others may also use cost estimating software to prepare cost estimates for purposes other than bidding such as budgeting ...
It can also calculate material costs and estimates and display results in fractional or decimal forms, area, volume or perimeter functions, weight calculations, roofing, rafter, framing solutions, concrete calculations, complete stair layouts, right-angle functions, circular calculations, building materials estimate: blocks, drywall, footing ...
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.
In that case, earthwork software is principally used to calculate cut and fill volumes which are then used for producing material and time estimates. Most products offer additional functionality such as the ability to takeoff terrain elevation from plans (using contour lines and spot heights ); produce shaded cut and fill maps; produce cross ...
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 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 ...