Element
A major part of a group element (e.g. the elements that comprise group element 3: Internal finishes are 3.1: Wall
Element Unit Quantity (EUQ)
A unit of measurement that relates solely to the quantity of the element or sub-element itself (e.g. the area of
Element Unit Rate (EUR)
The total cost of an element divided by the element unit quantity (EUQ). For example, the EUR for external walls
Elemental Cost Plan (or Cost Plan)
The critical breakdown of the cost limit for the building(s) into cost targets for each element of the building(s). It
Elemental Method
A budget-setting technique that considers the major elements of a building and provides an order of cost estimate based on
Enabling Works
Works executed ahead of the main building contract. Enabling works are client and/or project team specified works, which might include
Energy Performance Certificate (EPC)
An EPC provides a record of the energy efficiency rating of a building. The building is assessed on a scale
Escalation
Is defined as changes in the cost or price of specific goods or services in a given economy over a
Estimate Base Date
The date on which the cost limit (excluding inflation, i.e. the sum of the works cost estimate, project and design
Estimation
Establishing the cost of supply in an approximate fashion.
