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Improving the Accuracy of Early Cost Estimates for Federal Construction Projects (1990) / Chapter Skim
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Appendix E: Glossary of Estimating Terms Used by Federal Agencies
Pages 39-42

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From page 39...
... The initials in parentheses after each definition indicate the agencies that use that term essentially as defined. The initials shown refer to the following agencies: AF Air Force Directorate of Engineering and Services; CE Army Corps of Engineers; DoE Department of Energy (Real Property and Facilities Management Division)
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From page 40...
... (NASA3 ESTIMATE, CURRENT WORKING Current estimated cost of a project based on best available information including estimated or actual contract cost; contingencies; supervision and adrninistrat~on; inspection and overhead; engineering and design after contract award; other direct costs; pending costs; and government furnished materials and purchase orders.
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From page 41...
... The engi- analyze estimates developed by proponents of a peering estimates for these submittals include project. Anindependent cost estimate also serves all labor and material costs for each item, in- as a basis for verifying risk assessments.
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From page 42...
... Through use of plant engineering and design funds, Title I may be completed prior to inclusion of the project in the budget. If this should occur, the Title I design estimate becomes synonymous with the budget estimate.
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Key Terms

  • government estimate
  • cost estimate
  • cost estimates
  • total estimated
  • construction cost

  • capital equipment
  • estimate prepared
  • project costs
  • percent completion
  • data sheet

  • project data
  • facilities engineering
  • authorization act
  • estimated fund
  • sheet submitted

  • program cost
  • engineering division
  • monitor funding
  • indirect construction
  • actual contract

  • negotiated contracts
  • verifying risk
  • specific contract
  • initial authorization
  • fund requirement

  • appropriation actions
  • estimate prior
  • facilities management
  • control design
  • equipment appropriations


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