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engineering cost estimate

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  • Cost contingency — When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is… …   Wikipedia

  • Cost-plus contract — A cost plus contract, also termed a Cost Reimbursement Contract, is a contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit.[1] Cost reimbursement contracts contrast with… …   Wikipedia

  • Cost overrun — A cost overrun, also known as a cost increase or budget overrun, is an unexpected cost incurred in excess of a budgeted amount due to an under estimation of the actual cost during budgeting. Cost overrun should be distinguished from cost… …   Wikipedia

  • Engineering economics — Engineering economics, previously known as engineering economy, is a subset of economics for application to engineering projects. Engineers seek solutions to problems, and the economic viability of each potential solution is normally considered… …   Wikipedia

  • Cost–benefit analysis — (CBA), sometimes called benefit–cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project for two purposes: (1) to determine if it is a sound investment (justification/feasibility), (2) to see how… …   Wikipedia

  • Cost estimation models — are mathematical algorithms or parametric equations used to estimate the costs of a product or project. The results of the models are typically necessary to obtain approval to proceed, and are factored into business plans, budgets, and other… …   Wikipedia

  • Cost estimation in software engineering — The ability to accurately estimate the time and/or cost taken for a project to come in to its successful conclusion is a serious problem for software engineers. The use of a repeatable, clearly defined and well understood software development… …   Wikipedia

  • Jonsson Engineering Center — The Jonsson Engineering Center (often simply referred to as the JEC), is home to the School of Engineering at Rensselaer Polytechnic Institute in Troy, NY. It is named for J. Erik Jonsson and was dedicated on October 7, 1977.Background on J. Erik …   Wikipedia

  • Architecture and Civil Engineering — ▪ 2009 Introduction Architecture       For Notable Civil Engineering Projects in work or completed in 2008, see Table (Notable Civil Engineering Projects (in work or completed, 2008)).        Beijing was the centre of the world of architecture… …   Universalium

  • Regulation and licensure in engineering — Regulation of the engineering profession is established by various jurisdictions of the world to protect the safety, well being and other interests of the general public, and to define the licensure process through which an engineer becomes… …   Wikipedia

  • Construction estimate — From US Dept of Labor Accurately forecasting the cost, size, and duration of future projects is vital to the survival of any business. Cost estimators develop the cost information that business owners and managers need to make a bid for a… …   Wikipedia

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