Preparing accurate cost estimates is a key function for a successful business, whether the estimate is for internal work or for a customer. Four major methods can be used to estimate what it will cost ...

The ability to consistently get accurate cost estimates for new products and parts is elusive. Cost estimates are inherently imprecise, and the underlying drivers can change daily based on the price ...

Historical data and multiple nonlinear regressions allow the development of regional and national compressor station construction component cost estimation models, capable of estimating cost ...

Historical data can help develop surrogate cost estimates for pipeline construction, potentially replacing a more costly full engineering study. A complete engineering package likely provides the best ...