Construction Cost EstimatingA Allocation of costs: involves transferring expenditures between cost elements. Allowance: a cost estimate for undefined but known work. As-sold Estimate: The estimate matches the negotiated components and price for the project scope. B Basis of estimate (BOE): It outlines the scope,
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6 Construction Cost Estimating Mistakes to Avoid Construction cost estimating is the process of forecasting future construction costs. It is a routine part of the project planning process. Construction cost estimating should be completed before the project starts and updated
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