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Procedures Used by Federal Agencies to Prepare Budget Estimates for Construction (1987) / Chapter Skim
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'Summation'
Pages 41-42

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From page 41...
... Several of the agencies indicated that the really troublesome budget estimates are those prepared early in the preliminary planning process. Such estimates, which are sometimes referred to as preliminary estimates or planning estimates, are used for such purposes as preparing an agency's overall construction program budget, establishing the scope of a project, and performing economic analyses to determine the feasibility of a project, or to select a general design concept.
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From page 42...
... . Among the differences found were the following: • Agencies with small construction programs generally rely on published cost manuals for historical cost data, whereas agencies with large programs generally develop and use their own historical data; however, agencies with large programs also use the published manuals from time to time to develop estimates for facilities they do not regularly construct or as a check on their own data.
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  • value estimates
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  • own historical
  • historical cost


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