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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.
Products, Overview & Cost estimating methods and best practices
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cost estimate project costs estimates may construction scope estimating methods labor quality contingency used also include estimators accuracy process total
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Cost estimate | is a | approximation of the cost of a program | 0.90 | text |
| Cost estimate | is a | product of the cost estimating process | 0.90 | text |
| Cost estimate | is a | approximation of the cost of a project or operation | 0.90 | text |
| quantity surveyors | instance of | Other professionals | 0.80 | text |
| cost engineers may also prepare cost estimates or contribute to cost estimates | instance of | Other professionals | 0.80 | text |
| for costing an option | instance of | total cost of ownership or discrete aspects of a programme | 0.80 | text |
| Cost estimate | has method | Estimating | 0.60 | section |
| Cost estimate | has method | The | 0.60 | section |
| Cost estimate | has method | Proper | 0.60 | section |
| Cost estimate | has method | Pricing | 0.60 | section |
| Cost estimate | has method | Early | 0.60 | section |
| Cost estimate | has method | Application | 0.60 | section |
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