What does a Cost Estimate Worksheet typically include?

A Cost Estimate Worksheet is a comprehensive document that serves as a foundation for project costing. It typically includes a detailed breakdown of all costs associated with a project, including materials, labor, overhead, and contingency estimates. This detailed breakdown is crucial for understanding how each component contributes to the total project cost.

Additionally, the worksheet outlines the estimation methods employed in the process, providing transparency into how figures were derived. This is essential for stakeholders who need to verify the validity of the estimates. Assumptions that were made during the estimation process are also included, offering insight into the conditions under which the estimates are valid. Furthermore, identifying potential risks allows project managers to account for uncertainties that could impact costs, enabling better planning and decision-making.

Including all these elements ensures that the Cost Estimate Worksheet is not just a figure of total costs but a comprehensive toolkit for managing project finances effectively, making option B the most accurate representation of what is found in a Cost Estimate Worksheet.