A good cost estimate depends on the phase of the project it is computed for: the purpose being that it is a cost which does not distort the decision which is made on its basis. Obviously it should be close to the reality; but one thing which is very important is that it should rank...
The meaning of ESTIMATED COST is cost in cost accounting estimated in advance of production or construction.
The meaning of ESTIMATED COST is cost in cost accounting estimated in advance of production or construction.
To calculate or estimate a price. I'd cost the repair work at a few thousand. Usage notes The past tense and past participle is cost in the sense of "this computer cost me £600", but costed in the sense of 'calculated', "the project was costed at $1 million." Derived ...
ESTIMATE meaning: 1 : a guess that you make based on the information you have about the size, amount, etc., of something; 2 : a statement about how much a job will cost
7. (tr) to be obtained or obtainable in exchange for (money or something equivalent); be priced at: the ride cost one pound. 8. to cause or require the expenditure, loss, or sacrifice (of): the accident cost him dearly. 9. (Accounting & Book-keeping) to estimate the cost of (...
2.The result of applying any estimator to a random sample of data. It is not a random variable but a realization of one, a fixed quantity, and it has no variance although commonly it also furnishes an estimate of what the variance of the estimator is. (Not to be confused with an esti...
to estimate or determine costs, as of manufacturing something. verb phrase to calculate the cost of (a project, product, etc.) in advance: The firm that hired him just costed out a major construction project last month. cost- 2 variant ofcosto-before a vowel: ...
a.A tentative evaluation or rough calculation, as of worth, quantity, or size:an estimate of the damage caused by the storm. b.A statement of the approximate cost of work to be done, such as a building project or car repairs.
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