Lockheed Martin is the prime F-35 contractor with principal partners Northrop Grumman and BAE Systems. The aircraft has three ...

Assigning costs is necessary in every stage of planning, and, ultimately, constructing a building. Sometimes, unfavorable budgets, zoning requirements, or a tricky economy might preclude a building ...

Developing accurate, thorough and defendable cost estimates on a consistent basis is an arduous and – sometimes – imposing undertaking. Every project estimate can take on a life of its own, with ...

For years, a large organization faced significant challenges in managing the complex and often unpredictable costs of maintaining, upgrading and adding to its aging building portfolio. The ...

As the oil and gas industry explores new regions, the role of cost estimating to support the projects becomes more challenging. Cost estimating for the most part is a specialized field whose end ...

Although technical considerations are normally in the forefront as companies plan automation upgrade projects, cost is often the factor able to outweigh all others. All the wonderful ideas about new ...

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Many electrical contractors believe the estimating process begins with the take-off, when in reality that’s step No. 3 or 4 down the line. The estimating process actually starts way before any ...

The estimated price tag more than doubled from $6 billion to $13.6 billion, but staff told a bistate panel Dec. 15 it didn’t ...

Here’s a classic dilemma for agencies: When the cost of a new project is underestimated, agency managers may have to drop aspects of the program, reassess targets, slow down timetables or even ask the ...