Preliminary estimate

Also found in: Financial.

Preliminary estimate

Project costs prepared by the architect during the development phase for the guidance of the owner.

statement of probable construction cost

Cost forecasts prepared by the architect during the schematic design, design development, and construction documents phases of basic services for the guidance of the owner.
References in periodicals archive ?
In December 2015, the 2nd Preliminary Estimate for Japan's real GDP growth rate for the third quarter of fiscal 2015 was announced to be an annualized 1.
The company went on to say that, "This preliminary estimate is based upon an analysis of claims already reported and projected to be reported, estimated values of properties in the affected areas, estimates of damage resulting from wind and other perils, including flooding to the extent covered by applicable policies, and other factors requiring considerable judgment.
7, as data on core private-sector machinery orders in May, announced after the release of the preliminary estimate on July 6, showed the first decrease in three months, the Cabinet Office said.
The $10,000 preliminary estimate of materiality was then allocated proportionately, cash and securities 5.
For any month, the difference between the first revised estimate and the preliminary estimate is the first revision.
M2 EQUITYBITES-October 14, 2011-Montpelier Re provides preliminary estimate of Q3 pretax catastrophe losses(C)2011 M2 COMMUNICATIONS http://www.
The Cabinet Office on Thursday revised upward the key gauge of the Japanese economy in September from a preliminary estimate, reflecting improvements in industrial production and sales at small and medium-size firms.
AXIS Capital Holdings announced that its preliminary estimate of the total net financial impact from Q4 catastrophe and weather-related losses is $130M, net of tax and estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums.
Berkley Corporation increases preliminary estimate for spring storm losses(C)2011 M2 COMMUNICATIONS http://www.
s preliminary estimate is about $25 million, after reinsurance and tax recoveries.

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