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Engineering Cost Analysis

Essay specific features

 

Issue:

Technology

 

Written by:

John S

 

Date added:

August 11, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1506

 

Was viewed:

9574 times

 

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Essay content:

According to the U.S. Department of Labor there were about 198,000 cost estimators in 1994. That of which 58% work in the construction industry, 17% employed in manufacturing industries, and the remaining 25% elsewhere. From this we could conclude that a great deal of cost estimation lies in the construction industry, where multi-million dollar contracts are formed after a thorough cost estimation...
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From this we could conclude that a great deal of cost estimation lies in the construction industry, where multi-million dollar contracts are formed after a thorough cost estimation. Cost Analysis is an aspect of estimation that applies both formally and informally to the aspect of costing. Cost analysis is a formal discipline used to help appraise, or assess, the case for a project or proposal, and is an informal approach to making decisions of any kind...
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