As a cost estimator you most probably use historical data from previous projects to create accurate cost estimates. It would be especially handy to have a structured, ready-to-use cost…
Within the CESK Data (The Cleopatra Enterprise Standard Knowledgebase) product roadmap, developing cost data to cover the mining industry was a significant step. This article will shed light on the entire process that transpired…
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 little effort to maintain your cost data can prevent cost overruns in the long run. Say you are bidding on a big project. You use your cost data to perform an estimate on the…
To maximize the accuracy of your cost estimates, you are heavily dependent on your cost data. Based on where you are located or where you conduct business, you might need to use the imperial or…
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…
During a project, a large amount of data is collected, assessed and reported by the different parties involved in planning and execution. Think of documentation about design and construction, but also about all other aspects…