Definition of estimate
Webestimate - Synonyms, related words and examples Cambridge English Thesaurus WebMay 26, 2024 · Construction cost estimating is the process of forecasting the cost of building a physical structure. Of course, builders and clients both worry about the financial impact of cost overruns and failing to complete …
Definition of estimate
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WebCost estimate. A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost ... Webdefinition: a careful guess as to the amount, size, or value of something. My estimate of the total was off by only a few dollars. synonyms: estimation, evaluation. similar words: calculation, deduction, guess. related words:
WebThe meaning of ESTIMATOR is one that estimates. one that estimates; estimate; also : a statistical function whose value for a sample furnishes an estimate of a population parameter… See the full definition WebEstimate definition, to form an approximate judgment or opinion regarding the worth, amount, size, weight, etc., of; calculate approximately: to estimate the cost of a college …
Web2 days ago · Estimate definition: If you estimate a quantity or value, you make an approximate judgment or calculation of... Meaning, pronunciation, translations and … WebAug 1, 2024 · Project Estimating. Estimating is a critical part of project planning, involving a quantitative estimate of project costs, resources or duration. One conundrum in estimating, especially for public-sector projects, is that bidders sometimes make overly optimistic estimates in order to win the business.
WebSynonyms for ESTIMATE: value, assess, rate, guesstimate, evaluate, appraise, analyze, set; Antonyms of ESTIMATE: measure, scale, compute, calibrate, work out
WebJun 3, 2024 · Base estimate preparation. A base estimate covers all the estimated costs of a project apart from the foreseen future escalations. These estimates are usually calculated depending on different techniques such as scope definition, size, and complexity of a project. In contrast, detailed estimates vary depending on the development phase of the ... tatami academy streaming vfWebAt a (very) rough estimate, the job will take three months. 2. [count] : a statement about how much a job will cost. We solicited several estimates for the project. The contractor's … tatami academy streaming saison 1WebA point estimate is a single value estimate of a parameter. For instance, a sample mean is a point estimate of a population mean. An interval estimate gives you a range of values where the parameter is expected to lie. A confidence interval is the most common type of interval estimate. Both types of estimates are important for gathering a clear ... the buttkickerWebThis estimation quiz specifically tests your ability to: Recognize a concise phrase that sums up the definition of estimate. Recall an efficient method to use when estimating. Understand how ... the buttles kilgettyWebA rough calculation or appraisal is an estimate. When you hit another baseball through the kitchen window, your parents will get an estimate of the repair costs. And you should … the buttiqueWebDefinition of quotes, estimates, bids, and proposals. Construction companies and other contractors frequently use quotes and estimates to complete their projects, though any industry can use these tools. It's not uncommon for terms like "quote," "estimate," or even "proposal" to be used interchangeably. But each term has a specific definition ... tata mf toll free numberWebSummary Definition. Define Estimate: An accounting estimate is the application of judgment, historical experience, and any other pertinent information that may apply to the … tatami academy streaming