estimating


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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 periodicals archive ?
GAO included a hurricane factor in its estimate to account for this increase, but GAO and the Navy used different estimating methods in developing the estimates for the construction costs.
The RE Store contracted T n T Recovery to haul 70 cubic yards to local recycling sites, estimating 66.5 cubic yards to be recycled, with the remaining yardage placed in a landfill.
The first step is estimating the fair market value of the property at its highest and best use under current conditions.
If all incident cases could be traced to their index cases, estimating the reproduction number would simply be a matter of counting secondary cases.
The majority of items that follow require estimating a percentage, the remainder consist of Likert-type, one-choice, choose all that apply, and yes/no items.
Health and environment information systems based on GIS may be useful in the risk assessment process (for exposure assessment, for disease mapping, for assessing health risks associated with point sources of pollution, and for estimating the numbers of people at risk).
While it includes some less than optimal sampling provisions, there is much to like in this document, beginning with the recognition of the appropriateness of statistical sampling for estimating M&E deductions, the explicit allowance of multi-year samples, and the recognition that the IRS safe harbor requirement to use the lower limit of the confidence interval may be waived when the sample is sufficiently precise.
MS/B, New Berlin, Wis., provides building cost data, estimating technology and analytical services for the property/casualty industry.
To establish this lower bound, the project design focuses on creating a transportable model for estimating direct benefits provided by mid-sized and smaller libraries.
National Park Service has selected Timberline's Estimating and Model Estimating software to handle estimating for construction, repair/rehabilitation, and preventative maintenance for all its facilities throughout the National Park System.
IronSpire, Inc., a leading supplier of Web-based collaboration solutions for the construction industry, has introduced Precision X-DOC(TM), an enhancement to its PrimeSite(TM) project management system that enables online bid management with electronic data transfer into Timberline Estimating. Precision X-DOC's integration with Timberline Estimating minimizes data entry errors and compresses the time from bid to award, allowing contractors to handle more bids and widen the invitation to bid to a broader spectrum of contractors.

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