Workshop Calculation and Science Practice Test: Estimation And Costing — Flashcards | Workshop Calculation and Science (WCS) | FatSkills

Workshop Calculation and Science Practice Test: Estimation And Costing — Flashcards

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Estimation is the process of predicting the cost of a  project by comparing it to a similar project that has already been completed.

Costing is the process of calculating the overall cost of a project, considering all aspects such as labor, materials, equipment costs, and taxes.


Related: Workshop Calculation and Science Practice Test: Profit & Loss

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