A glossary of terms with reference to Construction Cost Estimating
Construction Cost Estimating
JULY 1, 2014
This value usually does not include the preplanning, site or right of way acquisition, or design costs, and may not include start-up and commissioning costs. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs.
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