Estimates can be prepared at any stage during a project but in
order to make use of an estimate it is important to consider its
purpose, the stage of the project when it was prepared and the
degree of risk in the project. To have any meaning, the purpose of
any estimate must be linked to the stages of the project and to the
data available. Project cost estimating offers practical advice and
further information on the understanding, the preparation and the
use of estimates in the civil engineering industry
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