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  2. 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 ...

  3. 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 ...

  4. Basis of estimate - Wikipedia

    en.wikipedia.org/wiki/Basis_of_estimate

    A pivot table in BOEMax, a Basis of Estimate software package. To create a BOE companies, throughout the past few decades, have used spreadsheet programs and skilled cost analysts to enter thousands of lines of data and create complex algorithms to calculate the costs. These positions require a high level of skill to ensure accuracy and ...

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  6. Gasoline and diesel usage and pricing - Wikipedia

    en.wikipedia.org/wiki/Gasoline_and_diesel_usage...

    The third component, representing 14.3% was distribution and marketing. The fourth component representing 14% was refining costs and profits. In 2021, with the average price increased to $3.01/gallon, crude oil accounted for 53.6%, taxes for 16.4%, distribution and marketing for 15.6%, and refining costs and profits, for 14.4%. [12]

  7. Mud weight - Wikipedia

    en.wikipedia.org/wiki/Mud_weight

    In the oil industry, mud weight is the density of the drilling fluid and is normally measured in pounds per gallon (lb/gal) (ppg) or pound cubic feet (pcf) . [1] In the field it is measured using a mud scale or mud balance. Mud can weigh up to 22 or 23 ppg. A gallon of water typically weighs 8.33 pounds (or 7.48 ppg).

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