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+---
+id:
+aliases: []
+title: Actuarial Science for Construction Estimating
+tags:
+  - authorship/original
+  - destiny/permanent
+  - status/incomplete
+  - topic/estimating
+  - topic/risk
+  - type/idea
+---
+# Actuarial Science for Construction Estimating
+
+For a contractor, construction projects are like _investments_
+in that they have a cost and return.
+However, for construction projects,
+**return** is known but **cost** must be estimated.
+In this way, projects are better compared to _insurance accounts_.
+
+[[actuarial-science]]