Validity of a Construction Cost Estimate – Public Sector
Job Order Contracting
MAY 4, 2023
The cost estimate should be detailed, i.e. line item, and presented in a clear, standardized manner. All elements of the project must be reduced to a cost that can be accounted and budgeted at a line item level. Contingencies should be expressed in terms that can be easily presented to and understood by the public.
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