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2. Cost engineering - Wikipedia

   en.wikipedia.org/wiki/Cost_engineering

   Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] ". Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]

3. Cost estimate - Wikipedia

   en.wikipedia.org/wiki/Cost_estimate

   A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.

4. Building estimator - Wikipedia

   en.wikipedia.org/wiki/Building_estimator

   A building estimator or cost estimator is an individual that quantifies the materials, labor, and equipment needed to complete a construction project. Building cost estimating can concern diverse forms of construction from residential properties to hi-rise and civil works. Both estimators and quantity surveyors must have a background education ...

5. Pre-construction services - Wikipedia

   en.wikipedia.org/wiki/Pre-construction_services

   The creation of an estimate requires the inclusion of the cost of labor, overhead, profit, and equipment. The construction documents will also play a major role in estimating. Pre-construction services grew out of construction cost estimating to encompass the other activities in planning a project.

6. Quantity surveyor - Wikipedia

   en.wikipedia.org/wiki/Quantity_surveyor

   The duties of a quantity surveyor are as follows: Conducting financial feasibility studies for development projects. Cost estimate, cost planning and cost management. Analyzing terms and conditions in the contract. Predicting potential risks in the project and taking precautions to mitigate such. Forecasting the costs of different materials ...

7. Construction estimating software - Wikipedia

   en.wikipedia.org/wiki/Construction_estimating...

   A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers, construction managers, and others may also use cost estimating software to prepare cost estimates for purposes other than bidding such as budgeting ...

8. Cost analyst - Wikipedia

   en.wikipedia.org/wiki/Cost_analyst

   Cost analyst. In business, a cost analyst is a professional responsible for analyzing a company 's costs, or the use of available resources, and reports such analysis to management for decision-making and control. Additional to cost analysis generally, specific work includes whole-life cost analysis and cost–volume–profit analysis . This ...

9. Cost contingency - Wikipedia

   en.wikipedia.org/wiki/Cost_contingency

   The cost contingency which is included in a cost estimate, bid, or budget may be classified as to its general purpose, that is what it is intended to provide for. For a class 1 construction cost estimate, usually needed for a bid estimate, the contingency may be classified as an estimating and contracting contingency.