Risk assessments, including market factors, industrial capability and labourĤ.2 all significant and identifiable deliverables, as well as the costs It includes site acquisition, preparation and any special requirements estimates.Ĭontingency funding requirements must be justified based on line-by-line Indicative Estimates are used to seek preliminary project approval (PPA) and lease project approval (LPA)- Policy on the Management of Projects.Ī Substantive Estimate is one of high quality and reliabilityĤ.1 detailed system and component design, design adaptation, work plansĪnd drawings for components, construction or assembly, and installation. Other considerations such as implementation, life cycle costs and operational Products and technological availability that would meet the requirement and It is usually based: onĪn operational statement of requirement (SOR), a market assessment of Provides a rough cost projection used for budget planning purposes in theĮarly stages of concept development of a project. Not sufficiently accurate to warrant TB approval as a cost objective and The current Treasury Board (TB) classification definitions are as follows:Īn Indicative Estimate: is an estimate that is
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