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  2. Construction bidding - Wikipedia

    en.wikipedia.org/wiki/Construction_bidding

    Either the costs that the contractor incurs are greater than the price he is charging the client (as a consequence of a lower tender determining the contract sum), and thus is likely to go insolvent, or he will claim for "loss and/or expense" due to discrepancies in the contract documents (this can be done deliberately). The lowest tender is ...

  3. Construction Specifications Institute - Wikipedia

    en.wikipedia.org/wiki/Construction...

    CSI publishes MasterFormat, which is a standardized classification for construction information, such as detailed construction project cost estimates or construction specifications. Since its debut under another title in 1963, MasterFormat consisted of 16 Divisions representing broad categories of construction, such as Masonry , Concrete ...

  4. 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 ...

  5. Land Bank discusses demolition plans for properties, plans to ...

    www.aol.com/land-bank-discusses-demolition-plans...

    The estimated total demolition cost is $390,000, according to the land bank. Hamrick said she should know soon if the money will be allocated. The building suffered a fire on Aug. 31. The site has ...

  6. Demolition work starts on newbuild homes over problems with ...

    www.aol.com/demolition-starts-newbuild-homes...

    The demolition of dozens of newbuild homes in Cambridge is under way, because of problems with their foundations. ... is still under construction and has outline approval for 1,593 new homes.

  7. 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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