Method of cost estimating which requires complete itemization of all construction, labor, and material costs by components and subcomponents and all indirect costs.
A system of projecting construction costs through a detailed estimate of required materials, overhead and labor to be used in new building construction.
A method for finding the reproduction cost of a building in which the costs of erecting or installing all of the component parts of a new building, including both direct and indirect costs, are added.
A method of estimating reproduction cost for appraisal purposes by totaling the cost of each individual part to be used in construction and the cost of labor per part, plus additions for indirect costs.
Also called "price take-off" method. A process of arriving at an estimate of new construction costs by a detailed estimate of quantities of necessary building materials plus labor costs.
A method of arriving at an estimate of costs for new construction by a detailed estimate of quantities of necessary building materials plus labor costs.