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Estimation in construction projects refers to predicting the cost and resources required to complete a project. It involves evaluating the materials, labor, and equipment needed and determining the cost of those items.
The estimation process begins with the review of project plans and specifications. It involves using past data and market trends to predict the cost and resources required for the project.
Most Popular Types of Estimation in Construction
- Preliminary Estimate
- Quantity Estimate
- Revised Estimate
- Supplementary Estimate
- Annual Maintenance or Repair Estimate
- Detailed Estimate
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