---
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]]