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Basic Principles of Estimating

Basic Principles of Estimating. Estimating. A prediction of probable cost. Is figuring out how to put the pieces together in the most economical manner. Estimating is both art and science. Estimating (cont.). Identify and quantify the pieces-takeoff. Identify construction methods.

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E STIMATING : G OALS , O BJECTIVES , AND R ISK I SSUES

E STIMATING : G OALS , O BJECTIVES , AND R ISK I SSUES. BY Awad S. Hanna Associate Professor Department of Civil and Environmental Engineering The University of Wisconsin - Madison. What is Estimating?. Estimating is the process of defining the realistic cost of a project

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225 views • 13 slides

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Basic Principles of Estimating

E STIMATING : G OALS , O BJECTIVES , AND R ISK I SSUES