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  2. Chemical plant cost indexes - Wikipedia

    en.wikipedia.org/wiki/Chemical_plant_cost_indexes

    The selection of the proper index to use depends on the industry in which it is applied. For example, while CE, M&S or IC Index are typically employed for chemical process industries, the ENR (Engineering News-Record) construction index is used for general industrial construction and takes in account the prices for fixed amounts of structural steel, cement, lumber and labor.

  3. Construction estimating software - Wikipedia

    en.wikipedia.org/wiki/Construction_estimating...

    Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. 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.

  4. Facility condition index - Wikipedia

    en.wikipedia.org/wiki/Facility_Condition_Index

    To calculate an FCI, a facility manager or third party assessment professional needs to quantify the cost of maintenance, repair and replacement deficiencies. This is typically the outcome of a facility condition assessment. The current replacement value is defined as what monetary value the organization places on the facility.

  5. The cost of these 5 construction materials grew the most in 2023

    www.aol.com/cost-5-construction-materials-grew...

    The analysis considered 30 products from the BLS Producer Price Index. The COVID-19 pandemic caused a 39.6% spike in overall input construction costs since February 2020, ...

  6. 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 ...

  7. 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.

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