vault backup: 2026-01-11 12:50:45

2026-01-11 12:50:45 -05:00
parent 025adb476c
commit 76479bcedd
17 changed files with 250 additions and 107 deletions
@@ -0,0 +1,31 @@
+---
+id:
+aliases: []
+title:
+tags:
+  - authorship/original
+  - destiny/permanent
+  - status/incomplete
+  - 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]]
+
+%%
+
+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.
+
+%%