Estimated Prices

Estimated Prices

 

prices used to compute the estimated cost of construction. The system of estimated prices in the USSR includes unified, regional, unit prices for construction operations; price lists for the installation of equipment; and norms for overhead costs and planned accumulations.

The standard prices and price lists for the installation of equipment represent an approved, estimated calculation of the unit of operations, determined on the basis of expenditure norms for materials and labor; wholesale prices for materials, parts, and structural components; rates for electric power and freight hauls; surcharges payable to supply and marketing organizations; wage rates; and the cost of operating the necessary construction machinery for the required number of shifts.

The norms for overhead are established by each construction organization, but the norm for planned accumulations is standardized at 6 percent of the total direct expenses and overhead.

For mass construction projects with standard plans, such as apartment houses and cultural and everyday facilities, price lists of estimated prices are compiled. These are similar to wholesale prices for industrial output.

Estimated prices remain the same for an established period of time (until the introduction of new estimated prices). During this period, estimated prices do not reflect changes in wholesale prices and shipping and wage rates. Any reduction or increase in outlays owing to such changes is taken into account in the financial plans of construction organizations.

S. N. REININ

References in periodicals archive ?
Because consumers' subjective evaluations of product quality are known to be reflected in estimated prices [20], the current study examined the effect of objectively engineered damage to the surfaces of apples on consumers' estimation of their prices.
Second, we assessed the effect of damage on estimated prices for photographically displayed apples (1- or 3-piece) with consumers' reference prices as a covariate.
Further, consumers' willingness to pay should be measured in addition to estimated prices in order to examine the market demand for damaged apples.
Caption: Figure 3: Estimated prices of 1 and 3 apples.
The committees that are studying the offers should make sure that the estimated prices are moderate and correspond with prevailing market prices lest they incur fines in line with regulations.
The estimated prices for the book is 400,000-600,000 British GBP.
The estimated price of the letter is 25,000-35,000 GBP.
Clothes worn in movies by Titanic star Leonardo DiCaprio and Madonna yesterday failed to reach their estimated prices at a sale of Hollywood memorabilia.
The companies are suspected of fixing estimated prices of domestic school trips for elementary and junior high schools in the Kansai region of western Japan through advance consultations with each other to prevent prices from falling, FTC sources said.
As per the evidence in this study, under the very affluent condition, the estimated price was found to be significantly higher when the participants believed the purchase was for themselves rather than for others.

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