27 lines
610 B
Markdown
27 lines
610 B
Markdown
---
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title:
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tags:
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- topic/estimating
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- topic/risk
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- type/cross-topic
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---
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# Utility in Construction Estimating
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Cross-topic of [[utility]] and [[construction-estimating]].
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## Expected Value of Perfect Information
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[[uncertainty#Expected Value of Perfect Information]]
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an organization pays in estimator hours.
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These hours have a direct cost in salary and benefits,
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however the greater cost is the **opportunity cost**
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of tying up an estimator who could otherwise be starting a new project.
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In many cases, the [[utility]] of doubled throughput
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far outweighs the increased risk of individual bids.
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%%
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