Total Estimated Cost

All engineering design costs (after conceptual design), facility construction costs and other costs specifically related to those construction efforts. TEC will include, but is not limited to: project, design and construction management; contract modifications (to include…
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Definition 1

All engineering design costs (after conceptual design), facility construction costs and other costs specifically related to those construction efforts. TEC will include, but is not limited to: project, design and construction management; contract modifications (to include equitable adjustments) resulting in changes to these costs; design; construction; contingency; contractor support directly related to design and construction; and equipment rental and refurbishment.

Definition 2

An estimate of the total cost of a task, demonstration, or program. The total estimated cost differs from a planning estimate in that it is based on definitive information regarding technical scope, contracting methods, schedule, and resource requirements. As such, once a task is approved, its total estimated cost is baselined and becomes subject to change control procedures.

CategoriesBudget, Finance, Procurement
Term OPIAU - Office of Environment, Health, Safety and Security, CF - Office of the Chief Financial Officer, PM - Office of Project Management Oversight and Assessments
Definition typeDefinition
RelatedSources

Source 1:

DOE O 413.3B Chg 7 (LtdChg), Program and Project Management for the Acquisition of Capital Assets

Source 2:

DOE G 430.1-1, Cost Estimating Guide
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