Outrageously Funny Word Dictionary :: Reestimate

👉 Reestimated, also known as estimated cost of construction or project costs, is a process used to estimate the total cost of a project. It involves estimating various components of the project, such as labor, materials, and equipment, and then calculating the overall cost based on these estimates. This method is often used by contractors, architects, and other stakeholders in the construction industry to make informed decisions about spending money on projects.

reestimated

👉 Re-estimating a value is an act of revising or recalculating a measurement, estimate, or other quantity. It involves calculating something that was previously calculated incorrectly or inaccurately. This can be done to improve accuracy or to make predictions based on data. For example, if you are estimating the cost of a project, and you find that it is higher than expected, you may re-estimate the cost by recalculating the costs for similar projects. This process helps in making decisions

reestimate