What Are The Factors Which Affect The Cost Of Estimate? From the table, the main factors influencing cost estimating decision are complexity of the project, scale and scope of construction, market conditions, method of construction, site constraint, client financial position, buildability and location of the project. What are the factors of estimate? An estimating factor
What Are The Difficulties In Cost Estimation? Resource constraints challenge the quality and quantity of data that estimators can obtain. If there is not sufficient time available, estimators may use secondary data sources, manipulated from the original source. Secondary data, especially that lack thorough documentation, have limited usefulness. What is cost estimation what are different
What Is The Advantage Of Using Regression Analysis To Determine The Cost Equation? What is the advantage of using regression analysis to determine the cost equation? It will generally be more accurate that the high-low method. True statement about regression analysis: The R-square generated by the regression analysis is a measure of how well the
What Is The Purpose Of Preliminary Estimate? A preliminary estimate or conceptual estimate is used to forecast the project cost to analyze the economic feasibility of the construction project prior to the development of detailed drawing plans. What is the purpose of an estimate? The purpose of an estimate has a different meaning to different