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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 classic literature ?
The citizens of the United States find this relic of the good old times of great use in raising their national estimate of the value of republican institutions.
estimate of me would be the estimate accepted by his friends; and neither he nor I anticipated that the misfortunes of my past life would be revealed by some person acquainted with them, whose treachery we have yet to discover.
And what is your estimate of those you see around me?
Unacquainted with grief, I knew not how to appraise my bereavement; I could not rightly estimate the strength of the stroke.
Considering my diminutiveness, the size of the pail in my lap, and my drinking out of it my breath held and my face buried to the ears in foam, it was rather difficult to estimate how much I drank.
Professor Ramsay has given me the maximum thickness, in most cases from actual measurement, in a few cases from estimate, of each formation in different parts of Great Britain; and this is the result:-
This estimate may be quite erroneous; yet, considering over what wide spaces very fine sediment is transported by the currents of the sea, the process of accumulation in any one area must be extremely slow.
But if, as some geologists suppose, a range of older rocks underlies the Weald, on the flanks of which the overlying sedimentary deposits might have accumulated in thinner masses than elsewhere, the above estimate would be erroneous; but this source of doubt probably would not greatly affect the estimate as applied to the western extremity of the district.
The action of fresh water on the gently inclined Wealden district, when upraised, could hardly have been great, but it would somewhat reduce the above estimate.
But a wiser man has arisen--the census taker--and his larger estimate of human interest has been preferred in marking out the field of these little stories of the "Four Million.
In terms of policy development and evaluation during the epidemic, obtaining estimates of the temporal trends in the reproduction number relating to as recent a time as possible would be critical.
At first blush, this solution appeals to many tax advisers, who are more comfortable with hard data than with estimates.