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- topic/estimating
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# Actuarial Science for Construction Estimating
Cross-topic of [[actuarial-science]] and [[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_.
- cost of individual service is uncertain
- cost to customer must be minimized
[[actuarial-science]]
* cost of individual service is uncertain
* cost to customer must be minimized