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2. 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. Some architects, engineers ...

3. 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 ...

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 ...

5. Techno-economic assessment - Wikipedia

   en.wikipedia.org/wiki/Techno-economic_assessment

   It typically uses software modeling to estimate capital cost, operating cost, and revenue based on technical and financial input parameters. [2] One desired outcome is to summarize results in a concise and visually coherent form, using visualization tools such as tornado diagrams and sensitivity analysis graphs.

6. Cost estimation models - Wikipedia

   en.wikipedia.org/wiki/Cost_estimation_models

   Cost estimation models are mathematical algorithms or parametric equations used to estimate the costs of a product or project. The results of the models are typically necessary to obtain approval to proceed, and are factored into business plans, budgets, and other financial planning and tracking mechanisms.

7. Lang factor - Wikipedia

   en.wikipedia.org/wiki/Lang_factor

   It is widely used in industrial engineering to calculate the capital and operating costs of a plant. [1] [2] [3] The factors were introduced by H. J. Lang and Dr Micheal Bird in Chemical Engineering magazine in 1947 as a method for estimating the total installation cost for plants and equipment.