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These
projects require multiple estimates to be created during the life
of a project. The projects require separate estimates for Design
and Construction activities.
When the Project is first conceived, Conceptual Estimates are prepared
based on space and use requirements only. The International Project
Estimating System allows users to import and prorate unit costs
based on project size from a library of unit rates or directly from
previous estimates in order to prepare conceptual estimates. As
the project evolves, the conceptual bid can be replaced with detailed
estimates or proposals from subcontractors and suppliers. |