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  3. Construction estimating software - Wikipedia

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

    Construction estimating software. Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. 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.

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  5. Labor cost is the elephant in the room for restaurant ... - AOL

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    He added: "That said, we will likely need to raise menu prices slightly, just like the rest of industry, in 2024 to offset a variety of inflation-driven cost increases, including labor-related costs."

  6. 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.

  7. Flooring - Wikipedia

    en.wikipedia.org/wiki/Flooring

    Flooring. Flooring is the general term for a permanent covering of a floor, or for the work of installing such a floor covering. Floor covering is a term to generically describe any finish material applied over a floor structure to provide a walking surface. Both terms are used interchangeably but floor covering refers more to loose-laid materials.

  8. Marginal product of labor - Wikipedia

    en.wikipedia.org/wiki/Marginal_product_of_labor

    Marginal cost (MC) is the change in total cost per unit change in output or ∆ C /∆ Q. In the short run, production can be varied only by changing the variable input. Thus only variable costs change as output increases: ∆ C = ∆ VC = ∆ ( wL ). Marginal cost is ∆ ( Lw )/∆ Q. Now, ∆ L /∆ Q is the reciprocal of the marginal product ...

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