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