Key differences:
- Purpose: QS (cost advice), Estimation (estimated costs), Costing (actual costs), Budgeting (financial planning)
- Scope: QS (project lifecycle), Estimation (pre-construction), Costing (construction), Budgeting (project planning)
- Focus: QS (cost management), Estimation (quantification), Costing (expense tracking), Budgeting (resource allocation)
Relationship:
Budgeting → Estimation → Costing → QS (monitoring)
Skills:
QS (contract management), Estimation (quantification), Costing (accounting), Budgeting (financial planning)
Understanding these differences ensures effective project management and cost control.
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