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What is Estimation and Costing in Construction about?
The document provides an overview of estimation and costing in the construction industry, emphasizing their importance for budget management, resource allocation, and project planning. It defines estimating as predicting costs and costing as determining actual expenses, outlining the objectives, data required, and methods for effective estimation. Additionally, it discusses the significance of accurate estimates for decision-making, project control, and risk management, along with various estimation methods
- Author
- Sudhruti Dash
- Language
- EN