This report describes the best practices used in developing cost estimates and provides guidance for overseeing the development of such estimates. It serves as a line of communication among different State and Federal agencies involved in the creation and oversight of cost estimates. Private parties, such as contractors and consultants, can also benefit from the product of this research.
 

The final products of this report are a series of flowcharts and checklists designed to aid agency personnel in overseeing cost estimates at a program and project level and aid in developing and overseeing cost estimates at multiple stages of projects and programs.