Cost estimation is about making educated guesses when you don't have all the information you need to get it right the first time. When you’re estimating, you're making quick and compact plans to help you achieve your goals. To make an accurate estimate, you need to think logically and come up with real reasons behind your estimates. Estimation is one of the essential things in today's business world, especially for construction projects. It can help you plan your goals properly, allocate your resources wisely and predict your upcoming workload more accurately.