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2. Cost estimate - Wikipedia

   en.wikipedia.org/wiki/Cost_estimate

   Cost estimate. 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 ...

3. Glossary of construction cost estimating - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_construction...

   A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...

4. Three-point estimation - Wikipedia

   en.wikipedia.org/wiki/Three-point_estimation

   Technique used in management and information systems. The three-point estimationtechnique is used in management and information systemsapplications for the construction of an approximate probability distributionrepresenting the outcome of future events, based on very limited information. While the distribution used for the approximation might ...

5. Basis of estimate - Wikipedia

   en.wikipedia.org/wiki/Basis_of_estimate

   A Basis of Estimate (BOE) is an analyzed and carefully calculated number that can be used for proposals, bidding on government contracts, and executing a project with a fully calculated budget. [2] The BOE is a tool, not just a simple calculation, it is created through careful analysis and intricate calculations that create a specific number ...

6. Good faith estimate - Wikipedia

   en.wikipedia.org/wiki/Good_faith_estimate

   The CFPB requires that lenders provide customers with a Loan Estimate to help them understand the full cost of buying a home with a mortgage. [1] The Loan Estimate replaces the Good Faith Estimate, or GFE, that was used prior to 2015. Lenders are required to issue Loan Estimates within three days of receiving a complete loan application, per ...

7. Cost of electricity by source - Wikipedia

   en.wikipedia.org/wiki/Cost_of_electricity_by_source

   Real life costs can diverge significantly from those estimates. Olkiluoto block 3, which achieved first criticality in late 2021 had an overnight cost to the construction consortium (the utility paid a fixed price agreed to when the deal was signed of only 3.2 billion euros) of €8.5 billion and a net electricity capacity of 1.6 GW or €5310 ...

8. Estimation - Wikipedia

   en.wikipedia.org/wiki/Estimation

   Estimation (or estimating) is the process of finding an estimate or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available. [ 1] Typically, estimation involves "using the value of a ...

9. Interval estimation - Wikipedia

   en.wikipedia.org/wiki/Interval_estimation

   In statistics, interval estimation is the use of sample data to estimate an interval of possible values of a parameter of interest. This is in contrast to point estimation, which gives a single value. [1] The most prevalent forms of interval estimation are confidence intervals (a frequentist method) and credible intervals (a Bayesian method). [2]