Restructured Bid Items Improve Estimation Efficiency
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Abstract
A report on a systematic restructured bid item numbering system was presented. The numbering system was developed to improve the efficiency of using historical bid prices in the cost estimation process of the items. The items were restructured into lesser number of families to be used in the hierarchical coding systems and for data analysis.
Description
47th Annual Meeting of AACE International --
Keywords
Costs, Data processing, Database systems, Decision making, Project management, Restructured items, Numbering systems
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AACE International Transactions
