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
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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