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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.
Revenues and gross profit are recognized each period based on the construction progress, in other words, the percentage of completion. Construction costs plus gross profit earned to date are accumulated in an asset account (construction in process, also called construction in progress), and progress billings are accumulated in a liability account (billing on construction in process).
Slope may still be expressed when the horizontal run is not known: the rise can be divided by the hypotenuse (the slope length). This is not the usual way to specify slope; this nonstandard expression follows the sine function rather than the tangent function, so it calls a 45 degree slope a 71 percent grade instead of a 100 percent. But in ...
Section through railway track and foundation showing the sub-grade. Grading in civil engineering and landscape architectural construction is the work of ensuring a level base, or one with a specified slope, [1] for a construction work such as a foundation, the base course for a road or a railway, or landscape and garden improvements, or surface drainage.
Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property is sold, the taxpayer pays/(saves) taxes on a capital gain /(loss) that equals the amount realized on the sale minus the sold property's basis.
Heavy construction equipment is usually used due to the amounts of material to be moved — up to millions of cubic metres. Earthwork construction was revolutionized by the development of the scraper and other earth-moving machines such as the loader, the dump truck, the grader, the bulldozer, the backhoe, and the dragline excavator.
To construct a rubble trench foundation a narrow trench is dug down below the frost line. The bottom of the trench would ideally be gently sloped to an outlet. Drainage tile, graded 1":8' to daylight, is then placed at the bottom of the trench in a bed of washed stone protected by filter fabric. The trench is then filled with either screened ...
Slurry wall construction was used in 1967–1968 to construct the "bathtub" that surrounded the foundations of most of the World Trade Center site in New York City. [4] In the 1980s, the Red Line Northwest Extension project in Boston was one of the first projects in the US to use the modern form of the technology, with hydromill trench cutters ...
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