The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...

Cost estimating methods range from consulting experts to using historical data or unit pricing, but all methods will deliver incorrect estimates unless you meet basic costing requirements. You can ...

Dan Galorath is founder and CEO of Galorath, a leader in cost estimation, actionable data and expertise for informed decision-making. Cost engineering has always been pivotal in balancing project ...

Developing accurate, thorough and defendable cost estimates on a consistent basis is an arduous and – sometimes – imposing undertaking. Every project estimate can take on a life of its own, with ...

Accurate estimates are key to your construction business's success. Learn about the top five construction estimating software tools.

Managing costs without compromising on quality is a primary concern for contractors. Effective construction cost management involves strategic planning, accurate estimation and efficient billing ...