Cost estimating system using parametric estimating and providing a split of labor and material costs

摘要

A parametric cost estimating model, which can be software- based, provides a capability for inputting specific labor rates and burdening or overhead information for a given installation. Other inputs are project- specific depending on whether a hardware or a software system is being estimated. The process and model provide estimating information as to costs to develop and produce specific hardware or software systems and also provide a split as to labor and material costs for such systems.