planning estimate
Definition
Cost estimate developed on the basis of available information and, in absence of a pricing study, with the use of experience-based formulas or planning-factors. These estimates are employed in conceptual planning or in budgeting study only, and are not considered valid for entering into a commitment.
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planning estimate is in the Accounting & Auditing, Agreements & Contracts, Planning & Scheduling and Purchasing & Procurement subjects.
planning estimate appears in the definition of the following term: cost estimate
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