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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 ...
LRV on Paint Swatch. In architecture, light reflectance value (LRV), is a measure of visible and usable light that is reflected from a surface when illuminated by a light source. [1] The measurement is most commonly used by design professionals, such as architectural color consultants, architects, environmental graphic designers and interior ...
A building estimator or cost estimator is an individual that quantifies the materials, labor, and equipment needed to complete a construction project. Building cost estimating can concern diverse forms of construction from residential properties to hi-rise and civil works.
To compare each estimator tool below, we’ll use the same example property and run it through each tool to see how the results compare. Our example property is 303 Willowcrest Drive, a 4-bedroom ...
A painted ceiling is a ceiling covered with an artistic mural or painting. They are usually decorated with fresco painting, mosaic tiles and other surface treatments. While hard to execute (at least in situ) a decorated ceiling has the advantage that it is largely protected from damage by fingers and dust.
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]
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