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Construction estimating software. Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.
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. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [ 1] ". Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements."
8 Home Building Cost Estimates. ... Home design services and permits will comprise 10% to 25% of new home construction costs. House plans can cost $500 to $20,000, depending on how basic or ...
Friars House, Coventry, England, United Kingdom. Key people. James Fiske. Director. Website. bcis.co.uk. The Building Cost Information Service ( BCIS) provides cost and price data for the UK construction industry. Founded as part of the Royal Institution of Chartered Surveyors (RICS), it is now a standalone company.
In November 2010, CSI acquired Building Systems Design (BSD) to help advance software tools for specifications development and communication of building information across the building team. [ 2 ] [ 3 ] BSD is a software firm that is a leading developer of commercial master specifications and construction cost estimating software.
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