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Cost estimate

A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values.

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DEFINITIONS
  • verbTo incur a charge of; to require payment of a (specified) price.
  • verbTo cause something to be lost; to cause the expenditure or relinquishment of.
  • nounThe estimation of the cost of a process or product.
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