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Procedures Used by Federal Agencies to Prepare Budget Estimates for Construction (1987) / Chapter Skim
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'Introduction'
Pages 1-4

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From page 1...
... is so important in the decisionmaking process because it is during this stage that the initial decision to proceed with the project is made, the size, function, general character, and location of the proposed facility are determined, and the preliminary budget is set. Once even preliminary decisions are made on these matters, the nature and cost of the facility are virtually predetermined.
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From page 2...
... While the nature and purpose of the preliminary planning process vary from project to project and from agency to agency, all preliminary planning efforts have one thing in common: they involve the development and use of cost estimates. Cost estimates are of vital importance in the preliminary planning stage because almost every major decision made during that stage -- including the basic decision to undertake a proposed project -- is based at least in part on economic considerations.
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From page 3...
... , and to report on the results of any studies that have been made of the relative accuracy of estimates prepared using different procedures. To carry out its assignment, the committee held a symposium at which seven of the agencies represented on the committee presented papers describing their policies and procedures regarding the preparation of budget estimates.
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Key Terms

  • planning stage
  • estimates prepared
  • budget estimates
  • proposed facility
  • construction project

  • cost estimates
  • preliminary budget
  • proposed project
  • earliest estimates
  • planning efforts

  • vital importance
  • prepared earlier
  • process vary
  • project increases
  • total project

  • economic considerations
  • relative accuracy
  • ultimate design
  • design stage
  • major decision

  • programming stage
  • prepared using
  • initial decision
  • committee asked
  • construction stage

  • critical decisions
  • cost estimate
  • various agencies
  • basic decision
  • construction whereas


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