Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
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Can you produce an accurate forecast of the cost of a project using the cost-per-unit method of estimating? Explain
What are the five main items of the cost of a project?
What are the components of work to which cost information are required by every estimator?
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- Why does the estimate of probable total cost need to be revised as the project progresses?arrow_forwardCost estimation plays a vital role in the success of any project. Explain the different tools and techniques due to which the process of cost estimation takes place.arrow_forwardHow is the allocation of indirect costs usually done?arrow_forward
- How are the field cost indexes derived?arrow_forwardHow is the optimum cost-time point determined? What are the conditions that must exist for one to be present at a project duration other than the duration originally created under normal conditions?arrow_forwardwhat does a company evaluate both the money allocated to a project and the time allocated to the project?arrow_forward
- Interpret the objectives of life-cycle costing and discuss the importance of determining building’s life-cycle costs. In your own understanding and make it short.arrow_forwardIn the perspective of the owner, give examples of problems that may arise if an early estimate is significantly lower than the final actual cost of a project.arrow_forward
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