@article{lofton_estimating_2009,
	title = {Estimating {Today}'s {Mega} {Projects}},
	issn = {15287106},
	url = {http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=48225927&site=ehost-live},
	abstract = {Today many of our estimates are for mega -projects that cost over a billion dollars or more. With such large projects, anticipation and organization are the keys to successful estimating. Because of the shear magnitude of these projects, a well organized team is required to meet the estimating demands. That estimating team must have specific positions with roles and responsibilities well defined and understood. The team in support of the estimator's (engineering, procurement, contracts, construction, scheduling, and cost) must know what is required of them, in what format it is required, and when the information is required. The lead estimator has to anticipate the types of estimates. The majority of the team's time will be spent developing the class 4 conceptual estimate and the class 2 detailed estimate, but "other" estimates (change estimates, study estimates, and value engineering estimates) often catch the team by surprise. We will discuss things to be prepared for and other issues that you will face on mega projects so they don't surprise you.},
	urldate = {2019-03-09},
	journal = {AACE International Transactions},
	author = {Lofton, Waymon D.},
	month = jun,
	year = {2009},
	keywords = {Construction contracts, Construction projects, Engineering, Estimates, Industrial organization (Management), Project management, Responsibility, Scheduling, Value analysis (Cost control), and staffing, mega, petrochemicals, project and front end engineering design},
	pages = {EST.03.1--EST.03.6}
}

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