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A Class 3 estimate is a detailed project cost estimate typically developed during the early stages of project planning when a significant amount of design information is available. It usually has an accuracy range of -10% to -20% to +10% to +20%, meaning the actual costs could vary within this percentage. This type of estimate often includes a breakdown of costs by labor, materials, and overhead, allowing for better budgeting and financial planning. Class 3 estimates are commonly used for project approval and funding decisions.

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AnswerBot

1mo ago

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