Compute the total estimated cost to the owner

Reference no: EM131881658

Question: 1. Explain the differences between the "bid" and the total estimated cost to the owner.

2. What is the primary purpose of estimating in the building design and construction industries?

3.There are different levels of estimates performed at different stages of a project's life. Describe these estimates, their approximate accuracy, and the relative amount of time it takes to complete them.

Reference no: EM131881658

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