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What is Conceptual Cost Estimating Overview about?

The document discusses conceptual cost estimating methods. It explains that a conceptual estimate is made early in a project without detailed design data, but is important for evaluating economic feasibility. Several methods are described, including unit cost, superficial area, approximate quantities, and parametric estimating. Adjustments must be made for time, location, size, and unit costs. Examples are provided to illustrate how to apply various adjustments to generate a conceptual cost estimate.

Author

Nermeen Soliman Elnahas

Language

EN