Cost Estimation definition

Cost Estimation. A process in which a BIM is used to develop accurate quantity take‐offs for the purpose of creating or validating cost estimates.
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Examples of Cost Estimation in a sentence

  • Existing Conditions Design Authoring Design Reviews Space Tracking Energy Analysis Daylighting Analysis Cost Estimation 3D Coordination (design and construction) Model Updates during Construction Facilities Management Data Record Modeling Other (describe) Model Delivery Schedule, Application and File Exchange Type Document the information exchanges and file transfers that will occur on the project.

  • Existing Conditions Design Authoring Design Reviews (Design reviews will be conducted in Autodesk Build) Space Tracking Energy Analysis Daylighting Analysis Cost Estimation 3D Coordination (Design coordination will be conducted in Autodesk Model Coordination.

  • The Idaho Transportation Department has adopted the Trns.Port EstimatorTM Highway Construction Cost Estimation software package as the standard for developing all highway construction cost estimates.

  • The Design Review and Consulting, Cost Estimation, Scheduling, and Construction Supervision and Planning Services required to be provided by CM/GC.

  • The information in the original ASX announcements that related to Coal Reserves, Mining, Coal Preparation, Infrastructure, Production Targets and Cost Estimation is based on, and fairly represents, information compiled or reviewed by Messrs.

  • Cost Estimation BRW/HGA will coordinate with XXXX to provide documents as required for cost estimation.

  • Space Tracking Energy Analysis Daylighting Analysis Cost Estimation 3D Coordination (design and construction) • Each discipline will be responsible for the coordination of their own systems.

  • Cost Estimation for Full-scale SWRO Facilities Preliminary cost estimates were conducted with the base case scenario of developing a 50 million cubic metre (mcm) per annum SWRO facilities in HKSAR.

  • Additional project specific guidelines in the BIM Execution Plan will address all of the following areas: Existing Conditions Design Authoring Design Reviews Space Tracking Energy Analysis Daylighting Analysis Cost Estimation 3D Coordination (design and construction) Model Updates during Construction Facilities Management Data Record Modeling Other (describe) Model Delivery Schedule, Application and File Exchange Type Document the information exchanges and file transfers that will occur on the project.

  • Canary Qualifications: Certified Assessor/Appraiser, State of Alaska 247 Qualifications: Certified Residential Appraiser, State of Alaska 212 Software Used: Filemaker Pro (Database), Excel, Work, Apex (Sketch), PDF, Xxxxxxxx and Swift Cost Estimation program Address: 0000 X Xxxxxxx Xxxxx, Xxxx, XX 00000 Address: PO.

Related to Cost Estimation

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • Estimate means to be based on technical evaluation of the sources contributing to the discharge including, but not limited to, pump capabilities, water meters, and batch discharge volumes.

  • State Estimator means a computer model that computes the state (voltage magnitudes and angles) of the Transmission System using the network model and real-time measurements. Line flows, transformer flows, and injections at the busses are calculated from the known state and the transmission line parameters. The State Estimator has the capability to detect and identify bad measurements.

  • Estimates means annual estimates or supplementary estimates;

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Estimated revenue means the amount of revenue estimated to be received from all sources during the budget year in each fund for which a budget is being prepared.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Cost Reimbursement means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

  • estimated consumption means the consumption that a customer, whose consumption is not measured during a specific period, is deemed to have consumed and that is estimated by taking into account factors that are considered relevant by the Municipality and which may include the consumption of municipal services by the totality of the users of a service within the area where the service is rendered by the Municipality, at the appropriate level of service, for a specific time;

  • Cost Share means the member’s financial obligation for a covered service. Depending on the plan type, cost-share may include one or more of the following: deductible, copay, access fee, coinsurance, pharmacy deductible, and precertification charges.