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Practical Training Material Performance Based Road Maintenance ContractProject for the strengthening of capacity on road maintenance management through contracting (Phase 2) JR 16071Practical Training
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01
Gather all relevant information related to the project or service that requires cost estimation.
02
Identify all the components and resources needed for the project.
03
Break down the costs of each component or resource.
04
Calculate the total cost by summing up all the individual costs.
05
Make sure to include any overhead costs or contingency funds in the estimation.
06
Review the cost estimation manual for accuracy and make any necessary adjustments.

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The cost estimation manual is used to provide a detailed breakdown of estimated costs for a project.
The individuals or companies involved in a project are required to file the cost estimation manual.
The cost estimation manual is typically filled out by detailing all the anticipated expenses for a project.
The purpose of the cost estimation manual is to provide transparency and accountability in project budgeting.
The cost estimation manual should include itemized lists of all projected expenses, including materials, labor costs, and overhead.
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