Why use cost data? To maximize the revenue of each euro spent on a project, a dependable method for forecasting costs is needed. Cost data helps you estimate the costs of resources such…
A unit-rate is a very basic and detailed item that can be found in a lot of estimates or project descriptions. They are used for bidding and detailed estimating purposes. Here’s a short introduction to…
Although the concept of estimating the costs of a project is fairly straightforward, you’ll soon realize it can get rather complex when that estimate contains tens of thousands of cost items. What’s more, if you…
To improve early estimates, a consistent approach should be in place to quantify locational impacts on your projects: location factors. Applying relevant location factors over parts of the project allow you to translate the required…