0
Which type of cost estimating is the preferred most accurate method?
Wiki User
∙ 8y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does job cost mean?
In construction, job cost is the method used to determine the cost of a specific job. Although job cost refers to the tracking of actual direct and indirect costs of construction, the process also includes the pre-construction step of estimating and the post construction step of cost analysis variance. There are various methods of job costing which is typically done through a job cost module or the chart of accounts.
What is the Average Cost method of inventory valuation?
Average Cost Method: Under this method average cost is calculated by following farmula:Average cost of unit= Total cost of inventory / total number of units
How does an actual costing system different from a normal costing system?
actual is the actual cost, normal is estimating
Is post costing as a method of ascertainment of costs?
Yes it is!! Post costing, means analysis of actual information as recorded in financial books. It is accurate and is useful in the case of cost plus contracts, where price is to be determined finally on the basis of actual cost.
How does the Cost Analysis Requirements Description supports the cost estimating process?
Describing the specifications and assumptions the Program Office used in preparing the Program Office Estimate
What is the relationship between the contractor's cost estimating and cost accounting systems?
An accurate cost accounting system is the basic building block for a good cost estimating system.
What is the least preferred method for calculating the equitable adjustment?
Total Cost
What is the Sahli - Adam's Method?
The Sahli hemoglobinometer or Adams method is a simple and commonly used method for estimating hemoglobin levels in blood. It involves comparing the color change of a blood sample mixed with a special solution against a standardized color scale to determine the hemoglobin concentration. While it is a cost-effective and portable method, it may not be as accurate as automated hematology analyzers.
What are some good construction estimating services?
There are different types of construction estimating services such as concrete estimating, metals estimating, masonry estimating, sitework estimating, opening estimating, electrical estimating, MEP estimating. WorldEstimating is one of the best construction estimating company which is offering accurate cost estimation and material takeoff in all over the world.
Where can construction cost estimating software be bought?
You can buy construction cost estimating software on eBay. Construction Book Express also has many different types of construction cost estimating software to buy.
Article on cost estimating?
An article on cost estimating in the building construction field, admittedly from an out dated source although the principles are still the same, is at http://www.inquirewithin.biz/Vol2/Estimating/estimating_foundations.htm.
What is the most prevelant model for estimating the cost of equity?
The capital asset pricing model (CAPM) is the dominant model for estimating the cost of equity.
What is construction cost estimating?
Construction cost estimating is the process of determining the cost of materials and labor for constructing a buliding or other built object such as a dam. It is a skilled and difficult task and considerable experience is needed if an accurate estimate is needed. It would be prudent to use an architect or quantity surveyor to provide an estimate of construction costs for an expensive building. An example of how estimating is done is at the web link below. This clearly shows the difficulty of the task and how many variables must be taken into account.
What is cost estimating cost benefit analysis in project management?
EMINEM
Which construction companies offer cost estimating?
Construction companies do not offer cost estimating as a service. However, they do cost estimates of their projects using one of the software applications available for purchase.
What has the author John Ralph Smith written?
John Ralph Smith has written: 'The building cost calculator or unit method of estimating' -- subject(s): Building, Estimates, Tables
What would I use cost estimating software for?
Cost estimating software is used for engineering purpose. It helps them run things at a certain price then ten different prices.
