estimate


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Idioms, Wikipedia.

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 ?
Adequate documentation should be maintained for estimates that have a material effect on the financial statements and disclosure of those estimates should be clear.
Based on more than 40 years of experience and after the thousands of demolition estimates I have prepared, ranging from $500 to $30 million.
Another positive element is the recognition that, if the sample estimates are sufficiently precise (in the sense of having relatively low sampling variability), the IRS will allow the use of the standard statistical point estimate.
i] to estimate the standard errors of the fitted parameters.
Investment value takes into account the benefits that a particular buyer of an asset expects; but a fair value estimate under GAAP must take into account only the benefits that overall market participants expect.
Co-Principal Linda Evans said a revised estimate should have been done just before the February presentation to the board, but does not fault Perkins and Will for the miscommunication.
Commonly used emission estimates (AP-42, AIRS SCC) are expressed as an amount of a pollutant generated per unit of raw material consumed, or product produced.
In a 1992 report, the panel questioned FAO's South American estimate (which has since decreased slightly), saying, "This seems to ascribe a very high proportion (about 70 percent) of the total deforestation in South America in the late 1980s to the region outside the Brazilian Amazonia, even though this region accounts for very little of the total amount of forest on the continent.
To gain some insight into the differing results, we compared the Forest Service and Wilderness Society estimates of remaining old-growth on the four national forests for which the Wilderness Society had done more detailed assessments--the Mt.
The next step is to "run the numbers" and estimate the potential obligation.
Focusing on these 2 issues, we show that the daily counts of symptom onset available until day T are sufficient to estimate [R.
Generally, estimates have to be well-reasoned and based on all available information.