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 ?
For those bonds that don't trade frequently, BondView's algorithmic model provides estimated prices by reviewing the trading of similar bonds by coupon, maturity, sector, rating, state, tax treatment, etc.
The estimated prices for the book is 400,000-600,000 British GBP.
More than once, their sales prices climbed several times higher than their estimated prices, a trend also seen in spectacular pieces from other collection categories.
Several souped-up cars from ``The Fast and the Furious'' (2001) and its sequel ``2 Fast 2 Furious'' (2003) should appeal to twenty-something customers who can afford the $65,000-$75,000 estimated prices.
Further, substantial portions of royalties earned by Mesabi Trust are based on estimated prices that are subject to interim and final adjustments, which can be positive or negative, and are dependent in part on multiple price and inflation index factors under agreements to which the Trust is not a party and that are not known until after the end of a contract year.
One of the most impressive calculators, to me, was the Kelly Blue Book, which gives estimated prices for used cars based on the make and model, year, optional equipment and condition.
Foster Wheeler will also prepare material requisitions for long lead items and obtain estimated prices from vendors.
Further, substantial portions of royalties earned by Mesabi Trust are based on estimated prices that are subject to interim and final adjustments which can be positive or negative and are dependent in part on multiple price and inflation index factors under agreements to which the Mesabi Trust is not a party and that are not known until after the end of a contract year.
Further, substantial portions of royalties earned by Mesabi Trust are based on estimated prices that are subject to interim and final adjustments under the CCI Pellet Agreements, which can be positive or negative, and are dependent in part on multiple price and inflation index factors under agreements to which the Trust is not a party and that are not known until after the end of a contract year.
16 per pound of this increase in operating costs is attributable to increases in the estimated prices of sulfuric acid (90% increase), power (55% increase) and diesel fuel (82% increase).
In addition, during the course of its fiscal year some portion of the royalties will be paid to Mesabi Trust using estimated prices for iron ore products sold under term contracts between Northshore, Northshore's parent Cleveland Cliffs Inc.
Homesites will average approximately 1/3 acre, with estimated prices ranging from $60,000 to over $600,000 per homesite, based on a variety of criteria.

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