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Total cost of work to the owner for all project elements.
Factors include location, project size, and quality of plans.
Reflects design progress and helps in planning costs.
Screening relies on past data; detailed is accurate with defined scope.
Prepared by contractors to secure a construction project.
Measurements of materials and labor needed for a project.
Baseline for assessing and controlling actual construction costs.
Calculated by multiplying plinth area with building height.
Prepared when original estimate exceeds by 5% or more.
Costs for energy and maintenance to keep systems operational.
Assesses total cost of an asset over its life cycle.
Includes initial costs, operating costs, and lifespan.
Total of initial costs plus operating and maintenance costs.
Identifies impact of uncertain input values on economic evaluation.
Determines maximum input cost for a project to break even.