---
title:
tags:
  - topic/estimating
  - topic/risk
  - type/cross-topic
---
# Utility in Construction Estimating

Cross-topic of [[utility]] and [[construction-estimating]].

## Expected Value of Perfect Information

[[uncertainty#Expected Value of Perfect Information]]

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an organization pays in estimator hours.
These hours have a direct cost in salary and benefits,
however the greater cost is the **opportunity cost**
of tying up an estimator who could otherwise be starting a new project.

In many cases, the [[utility]] of doubled throughput
far outweighs the increased risk of individual bids.

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