A glossary of terms with reference to Construction Cost Estimating
Construction Cost Estimating
JULY 1, 2014
It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity. In VDC (BIM is one method) the modeling consists of the usual three dimensions, plus the time dimension and the cost dimension.
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