---
id:
aliases: []
tags: 
  - estimating
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# Traditional Estimating Methods

Also "single-point estimation" as opposed to the standard three-point.

"Traditional estimating methods" as referenced frequently in [[this notebook]]
are those [[construction-estimating]] methods that produce:

* an _exhaustive_ and _specific_ bill of material
* a single, definitive final price for each bid item

Such methods lack the ability to intelligently express [[uncertainty]].