Professional Documents
Culture Documents
COST PLANNING
24th Jan.2011
Introduction
• Cost planning is defined as the assessment of cost prior to the
availability of knowledge of the elemental contents of a
project.
Process Definition
Note: the accuracy of the estimate is directly related to the amount of information
available.
Semidetailed
Definitive Engineer’s Bid, The most accurate estimate because of the
Detailed availability of working drawings, detailed
specifications and supplier/subcontractor price
quotations. Include direct/indirect cost estimates of