estimate


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estimate

Business a statement indicating the likely charge for or cost of certain work

Estimate

 

(1) The basic plan document for financing the expenditures of institutions and organizations out of the state budget. In the USSR, the estimates of budget institutions determine the scope, purpose, and distribution of budget allocations for all the expenditures of a particular institution. If an institution has any sources of income, the proceeds from them must be computed separately. Such revenues are usually incorporated in the budget. Once it has been approved by a superior organization, the estimate serves as the plan for financing an institution or organization, and is thus the basis for spending funds from the state budget. Consideration is given to fulfilling the plans for developing the system and maintaining full staffs and quotas.

(2) In the USSR, a computation of the planned total outlays by an enterprise, association, or sector of the national economy for the production of output (excluding intraplant turnover) and delivery of services. The estimate of production outlays determines all of an enterprise’s outlays for each element necessary for producing output, regardless of its production purpose or the place where it was produced. Compiled on the basis of the enterprise’s technical, production, and financial plan (tekhpromfinplan), the estimate of production outlays serves as the basis for drawing up the financial plan, which determines the need for current assets and calculates profits from output.

(3) The totality of standard calculations, determining the estimated cost of construction (expansion or renovation) of an enterprise, building, or facility. The construction estimate is an indispensable part of a project. In the USSR it is compiled on the basis of project data, estimated norms, estimate prices, and the appropriate price lists. Construction estimates are compiled to determine the estimated cost of all construction and of particular types of work and outlays. In addition to serving as a limit on financing capital investments, they are used to calculate the work done by contracting organizations for clients. A construction estimate consists of three parts: the costs of construction and installation repair operations; expenditures for equipment and other capital operations and outlays, including the cost of planning and surveying; and the cost of maintaining the directors of projects and training operational personnel.

S. N. REININ

estimate

[′es·tə‚māt]
(science and technology)
A statement of the value of a quantity or function based on incomplete data or evidence, or on a rough or approximate calculation.

estimate

estimate

The time [Coordinated Universal Time (UTC)], calculated by either the controller or the pilot, at which an IFR (instrument flight rules) aircraft will arrive over a navigation facility or navigation fix.
References in periodicals archive ?
Foundries that rely on air emissions inventories for regulatory permitting and reporting purposes should periodically revisit and critique the methodologies being used to estimate air emissions.
Then the procedure in (1) would estimate (80% of infections caused by poultry) x (20% of infections resistant) = 16% as the fraction of resistant infections caused by poultry, even though the correct answer is zero.
While it is not common practice to disclose quantitative information related to the affect of different estimate methodologies, it is possible to undertake that task.
To defend your estimate, you must present a strong case and back up your estimate to the satisfaction of the decision makers by providing:
When an estimate is made using a statistical sample, the estimated value would be expected to be different if a different sample selection was taken from the same population using exactly the same type of sample design and the same sample size.
This result is true both for the S-Plus standard error estimate and for the asymptotically unbiased alternative estimate.
To estimate the standard deviation of jitter noise, many (hundreds to thousands) jittered signals are measured.
The auditor does this even when management uses a valuation specialist to prepare the estimate.
During the trial period, National Park Service personnel completed more than 200,000 estimates ranging from single campgrounds to an entire newly planned visitors center.
Total exposure estimates could reach as high as $4 billion for insurers.
Board of Education member Chuck Sambar said he was surprised that the architect's estimate went up 20 percent from $34.
Despite the controversy over the Brazilian estimate, WRI's global total seemed to agree with a provisional number issued by the United Nations Food and Agriculture Organization (FAO), which put tropical deforestation at 17 million hectares per year for the period 1981 to 1990 (SN: 7/21/90, p.