Basis of estimate (BOE)

Basis of estimate (BOE),

Definition of Basis of estimate (BOE):

  1. A document that details the premise, or basis, from which critical aspects of a project cost estimate were developed including cost and labor estimates, material availability, any assumptions or deviations, any studies or analysis used as a reference and any other details which impacted the cost estimates.

Meaning of Basis of estimate (BOE) & Basis of estimate (BOE) Definition