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An article on cost estimating in the building construction field, admittedly from an out dated source although the principles are still the same, is at http://www.inquirewithin.biz/Vol2/Estimating/estimating_foundations.htm.

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16y ago

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Where can construction cost estimating software be bought?

You can buy construction cost estimating software on eBay. Construction Book Express also has many different types of construction cost estimating software to buy.


What is the relationship between the contractor's cost estimating and cost accounting systems?

An accurate cost accounting system is the basic building block for a good cost estimating system.


What is the most prevelant model for estimating the cost of equity?

The capital asset pricing model (CAPM) is the dominant model for estimating the cost of equity.


What is cost estimating cost benefit analysis in project management?

EMINEM


Which construction companies offer cost estimating?

Construction companies do not offer cost estimating as a service. However, they do cost estimates of their projects using one of the software applications available for purchase.


What are examples of a cost estimating technique that would be used when producing a summary cost estimate?

Examples of cost estimating techniques used for producing a summary cost estimate include analogous estimating, where costs from similar past projects are used as a reference, and parametric estimating, which utilizes statistical relationships between variables (e.g., cost per square foot) to project costs. Another technique is bottom-up estimating, where individual components of a project are estimated and aggregated to form a total cost. These methods help provide a comprehensive overview of expected expenses for a project.


What would I use cost estimating software for?

Cost estimating software is used for engineering purpose. It helps them run things at a certain price then ten different prices.


This method of cost estimating is quick but subjective and not as precise as other cost estimating methods. Technical and cost data from similar systems exist.?

The method of cost estimating described is likely the analogous cost estimating technique, which relies on historical data from similar projects or systems to provide a quick estimate. While it can be efficient, its subjective nature and reliance on past data can lead to inaccuracies, especially if the previous projects differ significantly from the current one. For more precise estimates, methods like parametric or bottom-up estimating may be preferred, as they rely on detailed analysis and data.


What are the four basic techniques for creating cost estimates?

The four basic techniques for creating cost estimates are analogous estimating (using similar past projects), parametric estimating (using mathematical models based on project attributes), bottom-up estimating (detailed cost breakdowns of all project activities), and three-point estimating (using optimistic, pessimistic, and most likely scenarios to calculate a range).


What cost estimating technique would be indicated for the following situation?

To provide an appropriate cost estimating technique, I would need specific details about the situation in question. Generally, techniques like analogous estimating can be useful when there is historical data from similar projects, while parametric estimating is effective when project parameters can be quantified. For detailed and complex projects, bottom-up estimating may be more accurate, as it involves estimating costs for individual activities and summing them up. Please provide more details for a tailored recommendation.


In what country is the CAPM model most popular for estimating the cost of equity?

US


Do insurance companies use property cost estimating software?

Insurance companies usually use the property tax value when estimating a propertys value. Insurance estimating software will help them in the even of a loss to estimate the replacement costs.