A well-researched and planned cost estimation and budget is necessary for the successful completion of any project. Project managers need to thoroughly scope the project in order to secure sufficient ...

One of the first tasks when managing a project is the cost estimate. A cost estimate must be accurate, transparent and reliable. These factors are particularly important for a small business because ...

Accurate estimates are essential to a construction firm’s success. Overprice a bid and you’ll likely lose the project. Underprice it and you risk losing money and damaging relationships with partners ...

Construction and development projects come with many expenses, and estimating services provide the right way to keep a check on them. When teams forecast accurately, it enables them to avoid […] ...

There are three main areas to estimate before your project starts--effort, duration, and cost. Of the three, you must estimate effort first to understand the total amount of work. The duration can be ...

CAMBRIDGE, MA -- Arcbazar launches new online cost estimation tool for clients to get rough quotes for their home improvement projects. About 15 million home owners each year do some kind of ...

CAMBRIDGE, Mass.--Consider the following scenario: A project manager at a major aerospace company is about to bid on the development of a new air fighter for the U.S. Air Force. The bid must bring the ...

Dan Galorath is founder and CEO of Galorath, a leader in cost estimation, actionable data and expertise for informed decision-making. Cost engineering has always been pivotal in balancing project ...

The US Department of Energy’s National Renewable Energy Laboratory (NREL) has released a cost-estimation tool for new closed-loop pumped storage hydropower (PSH) plants in the United States. The tool ...

The OECD-Nuclear Energy Agency - together with the International Atomic Energy Agency - plans to publish new guidance on improving cost estimates of nuclear decommissioning projects. Simon Carroll, a ...