Glossary

Construction estimating glossary

Search plain-English definitions for the terms that shape estimates, tenders, BOQs, quote packs and QS-style reports.

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8 glossary terms

construction-estimating

Bill of Quantities

A structured document that lists measured work items and quantities so pricing can be prepared and compared on a clearer basis.

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pricing

PC Sum

A prime cost sum is an allowance for an item the client is expected to select later, such as tiles, sanitaryware or appliances.

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pricing

Provisional Sum

An allowance for work that cannot be fully defined or measured when the quote is prepared.

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construction-estimating

Tender

A formal price submission for a defined scope of work, usually prepared from drawings, specifications and tender instructions.

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construction-estimating

Variation

A change to the agreed scope, specification, timing or basis of the work that may affect price or programme.

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construction-estimating

Takeoff

The process of extracting quantities, measurements or work items from drawings and project information.

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construction-estimating

Quantity Surveyor

A construction cost professional who manages measurement, cost planning, tendering, valuation and commercial control.

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construction-estimating

Cost Plan

An organised estimate of expected project costs, usually prepared before full tender pricing is complete.

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