A glossary of terms with reference to Construction Cost Estimating
Construction Cost Estimating
JULY 1, 2014
Example: 223 in Boston / 187 in Austin = 1.19. To adjust a known cost in Austin to that in Boston, multiply the Austin cost by 1.19. Examples: safety meeting, travel time, clean up time, wash up time, etc. Location cost index (or factor) - the ratio of the cost in one location to that in another location.
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