Project Management Cost Estimating Techniques. One of the first tasks when managing a project is the cost estimate. A cost estimate must be accurate, transparent and reliable. These factors are ...

A technique called 'clean-sheeting' lets project managers work from the ground up to hunt for cost savings when dealing with a sole-sourced product with proprietary technical data. This article ...

As a brief reminder, parametric cost estimating is a technique in which an algorithm (or curve) is used to rapidly calculate costs based on historical Copper $ 4.8755 / lb -0.56% Brent Crude Oil ...

Jeffery Borowicz has established himself as a leader in cost engineering. With over 30 years of experience in the construction industry, he has sharpened his expertise in cost estimating, critical ...

In the construction agency, correct price estimation is essential to the success of any venture. A single miscalculation or unnoticed difficulty can bring about economic overruns, delays, and disputes ...

The U.S. Army Corps of Engineers Environmental and Munitions Center of Expertise has approved the release of a new version of the Remedial Action Cost Engineering and Requirements (RACER) software.

Estimators have never had it easy in the rough-and-tumble world of construction cost estimating—especially when using traditional 2D files or drawings for quantity takeoffs and cost estimates.

Cost estimating by the U.S. Energy Dept. on its construction and cleanup projects needs revamping to keep overruns under control, says a new report from the U.S. Government Accountability Office.