Element Unit Quantity (EUQ)
An element unit quantity (EUQ) is a unit of measurement that relates solely to the quantity of the element or
Element Unit Rate (EUR)
The element unit rate (EUR) is the total cost of an element divided by the element unit quantity (EUQ). For
Elemental Cost Plan (or Cost Plan)
The elemental cost plan is the critical breakdown of the cost limit for the building or buildings into cost targets
Elemental Method
The elemental method is a budget setting technique that considers the major elements of a building and produces an order
Enabling Works
Enabling works are works carried out ahead of the main building contract to prepare the site. They are specified by
Energy Performance Certificate (EPC)
An Energy Performance Certificate (EPC) records the energy efficiency rating of a building on a scale from A (most efficient)
Escalation
Escalation is the change in the cost or price of specific goods or services in an economy over a period
Estimate Base Date
The estimate base date is the date on which the cost limit, excluding inflation, is established as the basis for
Estimation
Estimation is the process of establishing the likely cost of supplying work, goods or services in an approximate way, usually
EV Extra Value
Extra value (EV) is an additional allowance added to the cost or rate of a task or item to compensate
