The purpose of the estimate is two-fold. First, it allows the contractor to enter into a contractual agreement with confidence. Second, it provides an organized, detailed plan to execute the project ...

Construction estimating is the process of forecasting a project’s costs. However, true project costs are only known once the project is completed. There are several types of construction cost ...

Use this process to estimate a project’s effort hours Your email has been sent Editor’s note: This article was originally published December 11, 2006. There are three early estimates that are needed ...

If you’ve ever remodeled your kitchen, then you’ll know exactly what I’m talking about. You decide you want a new kitchen. You get estimates from contractors. It’s expensive, but you take the plunge.

Project work estimation has three components: the initial first cut, commonly known as a SWAG (scientific wild-ass guess), tracking the estimate against the actual numbers, and using the schedule to ...

Cost estimators collect and analyze data to estimate the time, money, resources, and labor required for product manufacturing, construction projects, or services. Some specialize in a particular ...

Developing accurate, thorough and defendable cost estimates on a consistent basis is an arduous and – sometimes – imposing undertaking. Every project estimate can take on a life of its own, with ...

The long-planned replacement of the Interstate 5 bridge connecting Portland and Vancouver is expected to cost between $5 billion and $7.5 billion, new project estimates show. The new ...

Once you understand the effort that's required, you can assign resources to determine how long a project will take (duration) and then you can estimate labor and non-labor costs. There are three early ...