Conceptually, there are three major types of estimating error–quantity errors, rate errors and errors of omission. Most companies underestimate how much these errors are costing them and fall victim to “winner’s curse.”
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“… of greatest value however, was the exercise which caused our management to examine what differentiated our company from our competition and what stood in the way to make it better for the long term.”
-Harry Angus, President, H.H. Angus & Associates Limited Consulting Engineers
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