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Cost estimating involves developing an approximation (estimate) of the costs of the resources needed to complete project activities. Pricing is a business decision - how much will the performing organization charge for the product or service involved. A wide range of techniques exist for the forecasting of construction costs and prices.
Cost estimating involves developing an approximation (estimate) of the costs of the resources needed to complete project activities. Pricing is a business decision - how much will the perfor…