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There are very many different names given to cost planning documents. Cost plans are
generally prepared by cost consultants (often quantity surveyors). They evolve through
the life of the project, developing in detail and accuracy as more information becomes
available about the nature of the design, and then actual prices are provided by specialist
contractors, contractors and suppliers. They range from very early initial cost
appraisals through to tender pricing documents and the final account.
As a consequence there area a great number of names that can be used for key cost
planning information. OnDesigning Buildings Wiki we have standardised these as
follows:
Elemental cost plan (prepared during the project brief stage and carried
through to detailed design).
Approximate quantities cost plan (from the end of detailed design through
to tender).
Contract sum (agreed with the contractor during the tender period and
adjusted during the construction period).