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NBS IR 812250Estimating Area Cost Factors for Military Construction Projects:Computerized ApproachRobertBruceE. E. Chapman ThompsonBuilding Economics and RegulatoryTechnology Division Center for Building
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How to fill out estimating area cost factors

01
Gather necessary information about the project such as the size of the area, materials and labor costs, and any additional factors that may affect the cost.
02
Break down the area into different sections or tasks to evaluate the cost individually.
03
Determine the appropriate unit of measurement for each task, whether it's square feet, cubic yards, or any other unit.
04
Calculate the quantity of materials required for each task and multiply it by the cost per unit of measurement to get the material cost.
05
Estimate the labor hours needed for each task and multiply it by the hourly rate to get the labor cost.
06
Consider any additional cost factors such as equipment rental, permits, or subcontractor fees, and incorporate them into the total cost estimate.
07
Sum up all the individual costs to obtain the total estimated cost for the area.

Who needs estimating area cost factors?

01
Estimating area cost factors are needed by construction project managers, contractors, and other professionals involved in estimating the cost of construction projects.
02
Architects, engineers, and quantity surveyors also require these cost factors to create accurate project budgets and cost estimates.
03
Individuals or companies planning to undertake construction or renovation projects can also benefit from estimating area cost factors to assess the feasibility and affordability of their plans.
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Estimating area cost factors refer to factors used to calculate the cost of a specific area or region.
Contractors or construction companies are required to file estimating area cost factors.
Estimating area cost factors can be filled out by providing accurate cost estimates for labor, materials, and other expenses related to a specific area or region.
The purpose of estimating area cost factors is to ensure accurate and fair pricing for construction projects in different geographic areas.
Information such as labor costs, material costs, equipment costs, overhead costs, and profit margin must be reported on estimating area cost factors.
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