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Types of Estimate found on various stages of a Project

Construction Cost Estimating

An estimator has to be very careful about the quantity takeoff using the given data such as drawings, specifications and other documents about the project. Direct Cost includes cost of materials, equipment, labor and subcontracted cost; while the Indirect cost includes overheads and contingency.

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Common Types of Construction Contracts And Their Use

cnstrctr

A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. It is a legally binding document that the groups agree to at the start of a project and are held accountable to throughout. The contract would be solely based on those documents and the scope of work.

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Job Order Contract Unit Price Book Basics

Job Order Contracting

Detailed line items are also used to create and validate construction budgets. In addition, the ability to review and interpret construction drawings, work with cost estimating formulas and technologies, communicate information to disparate disciplines and audiences, and attention to detail are all additional requirements.

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10 Essential Types of Construction Documents

Autodesk Construction Cloud

Construction documents help keep your projects organized and guide the construction process from start to finish. Having access to these construction documents puts information into the hands of the right people at the right time, so decisions can be made quickly and action can be taken to finish projects on time and within scope. .

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Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” ” I get this question a lot from my architect friends when helping them budget their projects through the design process. Thursday, May 31, 2012. Mark It Up!

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Detailed Line Item Unit Cost Construction Estimating, Public Sector, & Unit Price Books – UPB – UPG

Building Information Management

Line item estimates are also used to create and validate construction budgets. In addition, the ability to review and interpret construction drawings, work with cost estimating formulas and technologies, communicate information to disparate disciplines and audiences, and attention to detail are all additional requirements.

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Data Scientists Reveal 5 Surprising Construction Insights to Manage Risk 

Autodesk Construction Cloud

An example of a data point might be the number of overhead mechanical racks installed on the job that day, or logging the root cause of a safety incident. This information eventually translates into knowledge , like figuring out the average time it takes to install an overhead rack based on information collected from multiple jobs.

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