
Estimating: An Art or Science?
Outside of our industry, the layperson sees an estimate as a price quote in advance for a good or service. The basic definition of estimating as it relates to our industry is “a means of translating associated costs to performing a task into a universally accepted language that is both quantifiable and justifiable.” The reality is that much of what we call estimating is not really estimating as much as it is reporting on work already performed, which is sometimes called “forensic estimating.” Nevertheless, the term has taken hold and all breakdowns for work







