estimating

(redirected from estimate)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

estimating

the process of judging the probable expenditure to be incurred in making a product, as a basis for setting a product price. Estimating is generally less detailed and accurate than COSTING where actual costs of jobs are ascertained, but it may suffice in quoting a price for a job.
References in classic literature ?
They ought therefore to be comprehended in estimates of taxation which are founded on property, and to be excluded from representation which is regulated by a census of persons.
This estimate may be quite erroneous; yet, considering over what wide spaces very fine sediment is transported by the currents of the sea, the process of accumulation in any one area must be extremely slow.
But if, as some geologists suppose, a range of older rocks underlies the Weald, on the flanks of which the overlying sedimentary deposits might have accumulated in thinner masses than elsewhere, the above estimate would be erroneous; but this source of doubt probably would not greatly affect the estimate as applied to the western extremity of the district.
a little conventional; the kind of goodness that men themselves discount rather largely in their estimates of each other.
estimate of me would be the estimate accepted by his friends; and neither he nor I anticipated that the misfortunes of my past life would be revealed by some person acquainted with them, whose treachery we have yet to discover.
But in January Savelich came from Moscow and gave him an account of the state of things there, and spoke of the estimate an architect had made of the cost of rebuilding the town and country houses, speaking of this as of a settled matter.
The truth is, that science is not favorably regarded in that country, it is still in a backward state; and moreover, certain Spaniards, not by any means the least educated, did not form a correct estimate of the bulk of the projectile compared with that of the moon.
The work of casting, boring, masonry, the transport of workmen, their establishment in an almost uninhabited country, the construction of furnaces and workshops, the plant, the powder, the projectile, and incipient expenses, would, according to the estimates, absorb nearly the whole.
According to Daylight's estimate, it was around seven o'clock; but the stars danced just as brilliantly, and faint, luminous streaks of greenish aurora still pulsed overhead.
That is your entire will, ye wisest ones, as a Will to Power; and even when ye speak of good and evil, and of estimates of value.
The ignorant, to be sure, the people--they are like a river on which a boat floateth along: and in the boat sit the estimates of value, solemn and disguised.
Pouillet, another savant, estimates the temperature of space at 250@ Fahrenheit below zero.