- Project plans
- Project activities
- Legislation and standards
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Last edited 19 Nov 2019
Cost engineering is the practice of managing the costs involved on a construction project. This includes activities such as cost control, budgeting, forecasting, estimating, investment appraisal and risk analysis.
Cost engineers can be employed as consultants to manage and/or assess the costs of a project or organisation. They may be consulted before a project begins, or before a tender is submitted, so that budgets can be assessed and forecasts made.
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