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What is Engineering Cost Estimation Basics about?
This document provides an overview of key concepts in engineering costs and cost estimating covered in lectures 3 and 4 of the ECIV 5245 Engineering Economy course. It defines different types of costs such as fixed, variable, direct, indirect, sunk, opportunity, recurring, and non-recurring costs. It also discusses important cost estimation topics like incremental costs, cash versus book costs, life-cycle costs, cost indices, and provides examples to illustrate key concepts. The document is intended to help
- Author
- Sunday Paul
- Language
- EN